The following information is for Carpenter Associates at year end, December 31, 2010:
Sales: $ 800,000
Sales returns and allowances" $ 8,000
Accounts Receivable - December 13,2010: $ 175,000
Allowance for Doubtful Accounts - December 31,2010 (before adjustment for bad debts): $ 1,000
Estimated Uncollectibitle Accounts (per aging schedule at December 13,2010): $ 7,500
On the published Balance Sheet at December 31, 2010, the net realizable value, after the adjustment for bad debts, is $170,000. Assume that the company wrote off a customer's account of $2,500 on January 1, 2011. If no other transactions occured on January 1st, how much would the net realizable value of accounts receivable be after this account is written off?
$ ________
Sales: $ 800,000
Sales returns and allowances" $ 8,000
Accounts Receivable - December 13,2010: $ 175,000
Allowance for Doubtful Accounts - December 31,2010 (before adjustment for bad debts): $ 1,000
Estimated Uncollectibitle Accounts (per aging schedule at December 13,2010): $ 7,500
On the published Balance Sheet at December 31, 2010, the net realizable value, after the adjustment for bad debts, is $170,000. Assume that the company wrote off a customer's account of $2,500 on January 1, 2011. If no other transactions occured on January 1st, how much would the net realizable value of accounts receivable be after this account is written off?
$ ________