The Following Information Is from the Records of Chicago Photography

Multiple Choice

The following information is from the records of Chicago Photography: $$\begin{array} { | l | l | } \hline\text { Accounts Receivable, December 31,2019 } & \$ 24,000 \text { (debit) }\\\hline\text { Allowance for Bad Debts, December 31,2019 } \\\text { prior to adjustment } & 700 \text { (debit) } \\\hline \text { Net credit sales for 2019 } & 91,000 \\\hline \text { Accounts written off as uncollectible during } & \\2019 & 400 \\\hline\end{array}$$ Bad debts expense is estimated by the aging-of-receivables method.Management estimates that $2950 of accounts receivable will be uncollectible.Calculate the amount of net accounts receivable after the adjustment for bad debts.

A) $21,750
B) $21,050
C) $20,350
D) $19,950