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
