Question - On January 30, 2016, Jantz Company had accounts receivable of $600,000 and an allowance for doubtful accounts with a $22,000 credit balance.
On January 31, Jantz recorded the following transactions:
• received $5,000 from a customer who had been previously written off as uncollectible
• recorded bad debt expense of $8,000 for the month of January
Calculate the net realizable value of Jantz's accounts receivable at January 31 after the above two transactions have been recorded. Do not use decimals in your answer.