Use the Following Information for Questions Below

question 100

Multiple Choice

Use the following information for questions below
Bailey Inc.'s books revealed the following data for 2020 after all adjustments were made:
Cash sales        $825,000
Sales returns (on credit sales)    35,000
Allowance for doubtful accounts (credit balance)     3,800
Credit sales    575,000
Accounts receivable     168,000
Bailey estimates bad debt expense based on 2% of net credit sales.
-The net carrying value of accounts receivable before the bad debt expense is recognized is

• A)$156,500.
• B)$164,200.
• C)$168,000.
• D)$171,800.

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