At the end of 2023, Swifty Corporation has accounts receivable of $2.80 million and an allowance for expected credit losses of $137,500. On January 16, 2024, Swifty determined that its $23,100 receivable from Wildhorse Co. will not be collected, and management has authorized its write-off. On January 31, 2024, Swifty received notification that the company will receive $0.10 for every $1.00 of accounts receivable relating to Sandhill Co. The company had previously written off 100% of the amount due from

Sandhill ($64,500).

Part A Answer: Allowance for expected credit losses debit 23,100

A/R credit 23,100

A/R Debit 6,450

Allowance for expected credit losses 6,450

What is the estimated net realizable value of Swifty's accounts receivable before and after the entries above? What is the book value of Swifty's accounts receivable before and after the entries above?

	Before Adjustments	After Adjustments
Net Realizable Value
Book Value