On December 15, the accounts receivable balance was $50,000 and the balance in the allowance for doubtful accounts was $5,000. That morning, a $1,000 uncollected account was written-off. The net realizable value of accounts receivable immediately after the write-off is:

Question

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The net realizable value of accounts receivable is the accounts receivable balance minus the balance in the allowance for doubtful accounts. 
Before the write-off, the net realizable value was  $50,000 - $5,000 = $45,000.
After the write-off, the accounts receivable balance is $50,000 - $1,000 = $49,000 and the allowance for doubtful accounts remains at $5,000.
Therefore, the net realizable value is $49,000 - $5,000 = $44,000.

On December 15, the Accounts Receivable Balance Was $50,000 and the Balance