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Sankara Auto Sales has an accounts receivable balance after posting collections from customers for 2020 of $180,000. Sankara's customers took advantage of sales discounts of
Sankara Auto Sales has an accounts receivable balance after posting collections from customers for 2020 of $180,000. Sankara's customers took advantage of sales discounts of $15,000 for the period. Management performed an aging of the accounts receivable and estimated loss percentages as follows: $90,000 Current at 2%, $50,000 1-30 days past due 5%, $30,000 31-60 days past due 10%, $10,000 60 plus days past due 25%. The amount of accounts receivable expected to be collected is: A. $173,200 B. $170,200 C. $180,000 D. $172,700
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