The Following Information Is from the Records of Chicago Photography

question 75

Multiple Choice

The following information is from the records of Chicago Photography:

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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Definitions:

Premises

Statements or propositions that provide the basis or grounds for a conclusion in logical reasoning or argumentation.

Conclusion

A proposition whose truth an argument seeks to establish.

Proposition

A pronouncement that indicates a viewpoint or judgment.

Premises

Statements or ideas on which an argument or inference is based or from which a conclusion is drawn.