A Company's Accounts Receivable Balance After Posting Net Collections from Customers

question 129

Multiple Choice

A company's accounts receivable balance after posting net collections from customers for the current year is $150,000. Management feels that uncollected accounts should be based on the following aging of accounts receivable and uncollected percentages. There are $100,000 that are 1-30 past due at 2% and $50,000 that are 31 to 60 days past due at 10%. The net realizable value of the accounts receivable is

• A)$147,500
• B)$148,000
• C)$150,000
• D)$143,000

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