On December 31 of Swift Co.'s first year, $64,000 of accounts receivable is not yet collected....

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On December 31 of Swift Co.'s first year, $64,000 of accounts receivable is not yet collected. Swift estimates that $3,400 of its accounts receivable is uncollectible and records the year-end adjusting entry. (1) Compute the realizable value of accounts receivable reported on Swift's year-end balance sheet. (2) On January 1 of Swift's second year, it writes off a customer's account for $600. Compute the realizable value of accounts receivable on January 1 after the write-off. Before Write-Off After Write-Off Realizable value of accounts receivable On December 31 of Swift Co.'s first year, $64,000 of accounts receivable is not yet collected. Swift estimates that $3,400 of its accounts receivable is uncollectible and records the year-end adjusting entry. (1) Compute the realizable value of accounts receivable reported on Swift's year-end balance sheet. (2) On January 1 of Swift's second year, it writes off a customer's account for $600. Compute the realizable value of accounts receivable on January 1 after the write-off. Before Write-Off After Write-Off Realizable value of accounts receivable