Beer Company uses the allowance method to account for uncollectible accounts. On January 1, the allowance for doubtful accounts had a credit balance of $2,000. The balance in the accounts receivable account on that date was $57,000. On January 2, prior to any credit sales, a $300 account from Goggles Company was deemed to be uncollectible and written off. On March 15, the $300 payment was received from Goggles.

Required:

A.	Compute the net realizable value of Beer's receivables on January 1.
B.	Present the journal entry Beer would record on January 2 related to the write-off of Goggle's account.
C.	Compute the net realizable value of Beer's receivables on January 2, immediately following the write-off of Goggles account.
D.	Present the journal entries Beer would record on March 15 when Goggle’s payment was received.