After adjusting and closing the accounts at the end of the year, suppose that Accounts Receivable is $176,000 and Allowance for Uncollectible Accounts is $14,500.

(a) What is the collectible value of Accounts Receivable?

(b) If the $450 account of a bankrupt customer is written off in the first month of the new year, what will be the resulting collectible value of Accounts Receivable? Q-16