On July 15, 2006, ABC Company had accounts receivable of $600,000 and an allowance for...
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Accounting
On July 15, 2006, ABC Company had accounts receivable of $600,000 and an allowance for doubtful accounts with a $22,000 credit balance. On July 16, Jantz recorded the following transactions: wrote-off as uncollectible a $4,000 account receivable from a customer received $7,000 from a customer who had been written off as uncollectible in June Calculate the net realizable value of ABC's accounts receivable after the above two transactions have been recorded. Do not use decimals in your answer.
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