The Following Information Is from the Records of Armadillo Camera

question 126

Multiple Choice

The following information is from the records of Armadillo Camera Shop: $$\begin{array} { | l | r | } \hline \text { Accounts receivable, December } 31,2015 & \$ 20,000 \text { (debit) } \\\hline \text { Allowance for Bad Debts, December 31,2015 } & \\\hline \text { prior to adjustment } & 600 \text { (debit) } \\\hline \text { Net credit sales for 2015 } &95,000 \\\hline \text { Accounts written off as uncollectible during 2015 } & 350 \\\hline\end{array}$$ Bad debts expense is estimated by the aging-of-accounts-receivables method. Management estimates that $2,850 of accounts receivable will be uncollectible. Calculate the amount of net accounts receivable after the adjustment for bad debts.

• A) $17,750
• B) $17,150
• C) $16,550
• D) $13,000

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