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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, 2017, the balance
Alex Company uses the aging method to adjust the allowance for uncollectible accounts at the end of the period. At December 31, 2017, the balance of accounts receivable is $245,000 and the allowance for uncollectible accounts has a credit balance of $6,000 (before adjustment). An analysis of accounts receivable produced the following age groups: E: (Click the icon to view the accounts receivable aging information.) The adjusting entry for bad debt expense was made in the amount of $9,880. What is the amount of the net receivables on the balance sheet? The net receivables on the balance sheet are $ Accounts receivable aging information Current $ 60 days past due 160,000 78,000 7,000 Over 60 days past due 245,000 Print Done
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