Windsor Uses the Balance Sheet Approach in Estimating Uncollectible Accounts

question 103

Multiple Choice

Windsor uses the balance sheet approach in estimating uncollectible accounts expense, and aging the accounts receivable indicates the estimated uncollectible portion to be $7,400. The net realizable value of Windsor's accounts receivable in the January 31 balance sheet is:

• A) $321,400.
• B) $340,000.
• C) $322,600.
• D) $347,400.

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