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The Following Information Is from the Records of Chicago Photography

question 9

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The following information is from the records of Chicago Photography:  Accounts Receivable, December 31,2019$22,000 (debit)   Allowance for Bad Debts, December 31,2019 prior to adjustment 800 (debit)   Net credit sales for 201995,000 Accounts written off as uncollectible during 2019450\begin{array}{|l|r|}\hline\text { Accounts Receivable, December } 31,2019 & \$ 22,000 \text { (debit) } \\\hline \text { Allowance for Bad Debts, December } 31,2019 & \\\text { prior to adjustment } & 800 \text { (debit) }\\\hline \text { Net credit sales for } 2019 & 95,000\\\hline \text { Accounts written off as uncollectible during }\\2019&450\\\hline \end{array} Bad debts expense is estimated by the aging-of-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.


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