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Alex Company uses the aging method to adjust the allowance for uncollectible accounts at the end of the period. At December 31, 2020, the balance

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Alex Company uses the aging method to adjust the allowance for uncollectible accounts at the end of the period. At December 31, 2020, the balance of accounts receivable is $200,000 and the allowance for uncollectible accounts has a credit balance of $3,000 (before adjustment). An analysis of accounts receivable produced the following age groups: (Click the icon to view the accounts receivable aging information.) The adjusting entry for bad debt expense was made in the amount of $20,750. What is the amount of the net receivables on the balance sheet? X x heet? i Accounts receivable aging information Current 140,000 60 days past due 57,000 3,000 Over 60 days past due .... $ 200,000 Print Done

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