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Business, 28.11.2019 05:31 katerin4738

On december 31 of swift co.’s first year, $70,000 of accounts receivable is not yet collected. swift estimates that $4,000 of its accounts receivable is uncollectible and records 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 $700. compute the realizable value of accounts receivable on january 1 after the write-off.

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On december 31 of swift co.’s first year, $70,000 of accounts receivable is not yet collected. swift...
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