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:
1.wrote-off as uncollectible a $4,000 account receivable from acustomer
2. received$7,000 from a customer who had been written off asuncollectible
in May
Calculate the net realizable value of Jantz'saccounts receivable after the above two transactions have been recorded.