On January 1, Year 1, the Accounts Receivable balance was $31,300 and the balance in the Allowance for Doubtful Accounts was $3,800. On January 15, Year 1, an $1,120 uncollectible account was written-off. What is the net realizable value of accounts receivable immediately after the write-off?

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The net realizable value of accounts receivable is calculated as Accounts Receivable minus Allowance for Doubtful Accounts. After the write-off, Accounts Receivable is $31,300 - $1,120 = $30,180, and the Allowance for Doubtful Accounts is $3,800 - $1,120 = $2,680. Therefore, the net realizable value is $30,180 - $2,680 = $27,500.

On January 1, Year 1, the Accounts Receivable Balance Was