At the End of January, the Unadjusted Trial Balance of Windsor

question 180

Multiple Choice

At the end of January, the unadjusted trial balance of Windsor Limited included the following accounts:
$\begin{array} { | l | r | r | } \hline & \text { Debit } & { \text { Credit } } \\\hline \text { Sales } ( 80 \% \text { represent credit sales) } & & \$ 500,000 \\\hline \text { Accounts Receivable } & \$ 340,000 & \\\hline \text { Allowance for Doubtful Accounts } & & \$ 800 \\\hline\end{array}$

-Refer to the above data. 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 estimated collectible amount 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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