The Following Information Is from the Records of Pangolin Camera

question 41

Multiple Choice

The following information is from the records of Pangolin Camera Shop:

Bad expense is estimated by the aging-of-receivables method.Management estimates that $2,950 of accounts receivable will be uncollectible.Calculate the amount of net accounts receivable after the adjustment for bad debts.

• A)$22,950
• B)$22,050
• C)$21,150
• D)$20,800

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Definitions:

Congress

The legislative body of the United States government, consisting of two houses: the Senate and the House of Representatives, responsible for making federal laws.

Northern Europeans

Peoples originating from the northern part of Europe, often referred to in discussions about immigration, culture, and demographic changes.

Suburbs

Residential areas situated on the outskirts of cities and towns, typically characterized by lower population density than urban centers but more than rural areas.