On january 1, year 1, the accounts receivable balance was $30,600 and the balance in the allowance for doubtful accounts was $3,700. on january 15, year 1, an $1,070 uncollectible account was written-off. what is the net realizable value of accounts receivable immediately after the write-off?

The net realizable value of the accounts receivable immediately after the writing-off the uncollectible is $26,900

Explanation:

The formula to compute the net realizable value of accounts receivable is:

Net realizable value = Balance of accounts receivable - Balance in the Allowance for Doubtful Accounts

                                 = $30,600 - $3,700

                                 = $26,900

The amount of uncollectible which is written off will not be deducted from the balance of accounts receivable as this amount is already included in Allowance for doubtful account.