Bartlett Lindsey
03/19/2024 · Middle School
On December 31 of Swift Company's first year, \( \$ 64,000 \) of accounts receivable was not yet collected. Swift estimated that \( \$ 3,400 \) of its accounts receivable was uncollectible and recorded the year-end adjusting entry. 1. Compute the realizable value of accounts receivable reported on Swift's year-end balance sheet. 2. On January 1 of Swift's second year, it writes off a customer's account for \( \$ 600 \). Compute the realizable value of accounts receivable on January 1 after the write-off.
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\( \sqrt{2} \).
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