Question 5 (1 point)

Legacy Company uses the aging of accounts receivable method. The company performed an aging of accounts receivable on December 31 and gathered the following information:

Accounts Receivable

Unadjusted Credit balance in Allowance for Doubtful Accounts 16,000

Estimated Uncollectible Accounts Receivable

$ 420,000

23,200

18

20

21

What is the amount of Accounts Receivable, Net that will be reported on the balance sheet at December 31?

$404,000

$396,800

$373.600

$412,800