The Following Information Is from the Records of Chicago Photography

question 9

Multiple Choice

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

• A) $19,950
• B) $19,150
• C) $18,350
• D) $17,900

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