On december 31 of swift co.’s first year, $70,000 of accounts receivable is not yet collected. swift estimates that $4,000 of its accounts receivable is uncollectible and records the year-end adjusting entry. (1) compute the realizable value of accounts receivable reported on swift’s year-end balance sheet. (2) on january 1 of swift’s second year, it writes off a customer’s account for $700. compute the realizable value of accounts receivable on january 1 after the write-off.

Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.