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On May 31, Pink Inc's allowance for doubtful accounts had a credit balance of $8,400. The balance in the Accounts Receivable account on that date
On May 31, Pink Inc's allowance for doubtful accounts had a credit balance of $8,400. The balance in the Accounts Receivable account on that date was $98,000. On the next day, prior to any credit sales, a $1,500 account from Blue Co. was deemed to be uncollectible and written off. Compute the net realizable value of Pink's receivables immediately following the write-off of Blue's account. (Fill in blanks with numbers only. No $ needed.)
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