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 $240,000 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 $20,530. What is the amount of the net receivables on the balance sheet? The net receivables on the balance sheet are $ i x Accounts receivable aging information Current $ 100,000 60 days past due. 137,000 3,000 Over 60 days past due $ 240,000 Print Done