[The Following Information Applies to the Questions Displayed Below

question 103

Multiple Choice

[The following information applies to the questions displayed below.]
At the end of March,the unadjusted trial balance of Tutor,Inc.included the following accounts:

-Tutor uses the income statement approach in estimating uncollectible accounts expense,and uncollectible accounts expense is estimated to be 3% of credit sales.What is the amount of uncollectible accounts expense recognized in Tutor's income statement for March?

• A)$13,500.
• B)$18,000.
• C)$8,600.
• D)$7,200.

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Definitions:

Nature And Nurture

The debate regarding the relative importance of an individual's innate qualities (nature) versus personal experiences (nurture) in determining or causing differences in physical and behavioral traits.

Heredity

The genetic transfer of characteristics, whether physical or mental, from one generation to the next.

Experience

Direct observation of or participation in events as a basis of knowledge, or the practical contact with and observation of facts or events.

Scientific Method

A systematic process for gathering and testing information used in science to explore observations and answer questions.