QS $7-7($Algo$)$ Reporting allowance for doubtful accounts LO P$2$

On December $31$ of Swift Company's first year, $$64,000$ of accounts recelvable was not yet collected. Swift estimated that $$3,400$ of Its

accounts recelvable was uncollectible and recorded the year$-$end adjusting entry.

Compute the realizable value of accounts receivable reported on Swlft$\text{'}$s year$-$end balance sheet.

On January $1$ of Swift's second year, It writes off a customer's account for $$600.$ Compute the realizable value of accounts

recelvable on January $1$ after the write$-$off.