On January 15, 2015, the accounts receivable balance was $7,000 and the balance in the allowance for doubtful accounts was $700.On January 16, 2015, a $200 uncollectible account was written-off.The net realizable value of accounts receivable on January 16 immediately after the write-off is:

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The net realizable value of accounts receivable is the amount of accounts receivable that is expected to be collected. To calculate the net realizable value, we start with the accounts receivable balance and then subtract the allowance for doubtful accounts. In this case, the accounts receivable balance is $7,000 and the allowance for doubtful accounts is $700, so the net realizable value is $6,300.

On January 15, 2015, the Accounts Receivable Balance Was $7,000