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


David 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 $4,000 (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 $6,700. What is the amount of the net receivables on the balance sheet? The net receivables on the balance sheet are $ Accounts receivable aging informtion Accounts Receivable has a debit balance of $3,600, and the Allowance for Uncollectible Accounts has a credit balance of $700. A $200 accounts receivable is written off. Early the following year, Fredrek wrote off $250 of old receivables as uncollectible. The balance in the Allowance account is now The balance in the Allowance account is now $
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