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The following information is from the records of Chicago Photography: Accounts Receivable, December 31, 2019 Allowance for Bad Debts, December 31, 2019 prior to adjustment
The following information is from the records of Chicago Photography: Accounts Receivable, December 31, 2019 Allowance for Bad Debts, December 31, 2019 prior to adjustment Net credit sales for 2019 Accounts written off as uncollectible during 2019 $24,000 (debit) 800 (debit) 91,000 400 Bad debts expense is estimated by the aging-of-receivables method. Management estimates that $2,750 of accounts receivable will be uncollectible. Calculate the amount of net accounts receivable after the adjustment for bad A. $20,450 OB. $21,250 OC. $20,050 OD. $22,050
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