The following information is from the records of Pangolin Camera Shop:

Bad expense is estimated by the aging-of-receivables method.Management estimates that $2,950 of accounts receivable will be uncollectible.Calculate the amount of net accounts receivable after the adjustment for bad debts.
A)$22,950
B)$22,050
C)$21,150
D)$20,800

Question

The following information is from the records of Pangolin Camera Shop:

Bad expense is estimated by the aging-of-receivables method.Management estimates that $2,950 of accounts receivable will be uncollectible.Calculate the amount of net accounts receivable after the adjustment for bad debts.
A)$22,950 
B)$22,050 
C)$21,150 
D)$20,800

Quizplus · Accepted Answer

B)$25,000 - $2,950 = $22,050

The Following Information Is from the Records of Pangolin Camera