Snead 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 $270,000 and the allowance for uncollectible accounts has a credit balance of $5,000 (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 $8,790. What is the amount of the net receivables on the balance sheet? The net receivables on the balance sheet are $ Current ... 60 days past due Over 60 days past due 150,000 113,000 7,000 $ 270,000