At the end of march the unadjusted trial balance of tutor


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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