Reporting allowance for doubtful accounts P2 On December 31 of Swift Co.s first year, $50,000 of accounts receivable was not yet collected. Swift estimated that $2,000 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 $300. Compute the realizable value of accounts receivable on January 1 after the write-off. page 300