Calculate the net realizable value

Reference no: EM13258132

On June18, 2006, Jantz Company had accounts receivable of $600,000 and anallowance for doubtful accounts with a $22,000 credit balance.

On June19, Jantz recorded the following transactions:

wrote-off as uncollectible a $4,000 account receivable from acustomer

received$7,000 from a customer who had been written off asuncollectible in May

Calculate the net realizable value of Jantz's accounts receivable after the above two transactions have been recorded.

Reference no: EM13258132

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