Question

Triandis Company has the following unadjusted account balances on December 31, of the current year. The preadjustment balance of Allowance for Doubtful Accounts is $1,600 debit. This company uses the following aging of accounts receivable to estimate its bad debts. Accounts Age Balance Estimated Uncollectible % Current (not yet due) $96,000 1.0% 1-30 past due $64,000 3.5% 31-60 past due $16,000 12.0% 61-90 past due $6,500 42.0% Over 90 days past due $3,200 67.0% Total $185,700 The Net Realizable Value of Accounts Receivable reported on the year-end Balance Sheet will be: ? $177,306 ? $195,694 ? $175,706 ? $174,106

          Triandis Company has the following unadjusted account balances on December 31, of the current year. The preadjustment balance of Allowance for Doubtful Accounts is $1,600 debit. This company uses the following aging of accounts receivable to estimate its bad debts.
Accounts Age
Balance
Estimated Uncollectible %
Current (not yet due)
$96,000
1.0%
1-30 past due
$64,000
3.5%
31-60 past due
$16,000
12.0%
61-90 past due
$6,500
42.0%
Over 90 days past due
$3,200
67.0%
Total
$185,700
The Net Realizable Value of Accounts Receivable reported on the year-end Balance Sheet will be:
? $177,306
? $195,694
? $175,706
? $174,106

Triandis Company has the following unadjusted account balances on December 31, of the current year. The preadjustment balance of Allowance for Doubtful Accounts is 1,600 debit. This company uses the following aging of accounts receivable to estimate its bad debts.
Accounts Age
Balance
Estimated Uncollectible %
Current (not yet due)96,000
1.0%
1-30 past due
64,000
3.5%
31-60 past due16,000
12.0%
61-90 past due
6,500
42.0%
Over 90 days past due3,200
67.0%
Total
185,700
The Net Realizable Value of Accounts Receivable reported on the year-end Balance Sheet will be:
?177,306
? 195,694
?175,706
? 174,106

Added by Daniela C.

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