XYZCompany's accounting records on January 1showed: Accounts receivable$50,000 Allowance for uncollectible accounts(4,000) On January2, XYZ wrote off
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XYZCompany's accounting records on January 1showed:
Accounts receivable$50,000
Allowance for uncollectible accounts(4,000)
On January2, XYZ wrote off an account receivable of$1,000 fromBounder, Inc. As a result of this writeminus?off,the net realizable value ofXYZ's accounts receivable will________.
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