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What it the net amount expected to be collected

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Question - Dorothy had net sales (all on account) in 2020 of $850,000. At Dec 31, 2020, before adjusting entries, the balances in selected accounts were: accounts receivable $1,080,000 debit, and allowance for doubtful accounts $2,310 debit. Dorothy estimates that 3% of its AR will prove uncollectible. What it the net amount expected to be collected of the receivables reported on the financial statements at Dec 31, 2020?

a. $34,710

b. $1,049,910

c. $1,047,600

d. $1,045,290

Reference no: EM133036313

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