Reference no: EM131025129
At the end of March, the unadjusted trial balance of Tutor, Inc. included the following accounts:
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28. Required information
Refer to the information above. Tutor uses the balance sheet approach in estimating uncollectible accounts expense, and aging the accounts receivable indicates the estimated uncollectible portion to be $8,600. What is the amount of uncollectible accounts expense recognized in Tutor's income statement for March?
$8,600.
$6,800
$10,400.
$1,800.
29. Required information
Refer to the information above. Tutor 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 Tutor's accounts receivable in the March 31 balance sheet is:
$247,400.
$240,000.
$232,600.
$352,600.
30. Required information
Refer to the information above. 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?
$13,500.
$18,000.
$8,600.
$7,200.
31. Required information
Refer to the information above. Tutor uses the income statement approach in estimating uncollectible accounts expense, and uncollectible accounts expense is estimated to be 3% of credit sales. The net realizable value of Tutor's accounts receivable in the March 31 balance sheet is:
$251,800.
$253,500.
$224,700.
$255,300.
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Tutor uses the balance sheet approach in estimating
: At the end of March, the unadjusted trial balance of Tutor, Inc. included the following accounts:
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