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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
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. The net realizable value of Tutor's accounts receivable in the March 31 balance sheet is: Answer $251,800. $253,500. $224,700. $255,300
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