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10. Gerry Dorkinson owns a clothing store that has a $31,000 balance in Accounts Receivable and a $1,600 balance in Allowance for Doubtful Accounts. Required:

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10. Gerry Dorkinson owns a clothing store that has a $31,000 balance in Accounts Receivable and a $1,600 balance in Allowance for Doubtful Accounts. Required: 1. Determine the net realizable value of the accounts receivable. 2. Assume that an account receivable in the amount of $350 was written off using the allowance method. Determine the net realizable value of the accounts receivable after the write off

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