n December 31 of Swift Companys first year, $67,000 of accounts receivable was not yet collected. Swift estimated that $3,700 of its accounts receivable was uncollectible and recorded the year-end adjusting entry.

1. Compute the realizable value of accounts receivable reported on Swifts year-end balance sheet.
2. On January 1 of Swifts second year, it writes off a customers account for $600. Compute the realizable value of accounts receivable on January 1 after the write-off.