Question: Recording Write-offs and Computing Net Realizable Value of Receivables Andler inc. estimates that an allowance of $14,400 is required on its accounts receivable balance of

Recording Write-offs and Computing Net Realizable Value of Receivables Andler inc. estimates that an allowance of $14,400 is required on its accounts receivable balance of $288,000 on December 31, 2020 a. What is the net realizable value of its accounts receivable on December 31, 20207 b. On February 1, 2021, the company determined that $3,600 of specific accounts receivable would be written off. Prepare the journal entry required to write of these accounts. What is the net realizable value of accounts receivable after the write-off? con February 15, 2021, the company unexpectedly collected $900 of the accounts written off on February 1, 2021. Prepare the journal entries required upon collection of these accounts. What is the net realizable value of accounts receivable after the collection? a.Net realizable value of receivables on December 31, 2020: $0 Date Feb. 2021 Account Name Dr. Cr. 0 Net realizable value of receivables on February 1, 2015 Account Name Dr. Or. Date Feb. 15. 2021 0 0 To reinst the balance Feb 15,2021 O 0 . 2 0 Toth coloran Net realizable value of receivables on February 15, 2021:50

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