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Calculate the amount of net accounts receivable

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Reference no: EM132542932

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

Accounts Receivable, December 31, 2017 $25,000 (debit)

Allowance for Bad Debts, December 31, 2017 prior to adjustment 900 (debit)

Net credit sales for 2017 95,000

Accounts written off as uncollectible during 2017 350

Bad debts expense is estimated by the aging minus of minus accounts minus 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.

Reference no: EM132542932

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