ABC, Inc. reports $193,000 in net A/R (A/R less allowance fo…
ABC, Inc. reports $193,000 in net A/R (A/R less allowance for doubtful accounts) as of 12/31/2023 before making any adjusting entries for 2023. They prepare the following aging schedule related to their A/R based on past experience: Amount % uncollectible Current (due in 30 days or less) $120,000 1% 30-60 days delinquent $50,000 5% 60-90 days delinquent $20,000 20% More than 90 days delinquent $10,000 50% What is the current (pre-adjusted) balance in the allowance for doubtful accounts?