All-Star Auto has an accounts receivable balance for 2021 of $190,000. Management aged the accounts...
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Accounting
All-Star Auto has an accounts receivable balance for 2021 of $190,000. Management aged the accounts receivable and estimated the uncollected account percentages as follows:
| $100,000 | Current at 3% |
| $50,000 | 1-30 days past due at 5% |
| $30,000 | 31-60 days past due at 10% |
| $10,000 | 60+ days past due at 50% |
Net A/R is:
a.$190,000
b.Net A/R cannot be determined based on the information provided.
c.$13,500
d.$176,500
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