A company reports net accounts receivable of $130,000 on December 31,...
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Accounting
A company reports net accounts receivable of $130,000 on December 31, 2019. The Allowance for Bad Debts has a credit balance of $22,000 on December 1, 2019. An additional debit entry to Bad Debts Expense and credit to Allowance for Bad Debts for $5,000 was made on December 31, 2019. What is the balance of Accounts Receivable on December 31, 2019? O A. $157,000 OB. $103,000 OC. $113,000 OD. $147,000
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