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:

Question

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:

Quizplus · Accepted Answer

The estimated collectible amount of accounts receivable is the net amount of accounts receivable after deducting the estimated uncollectible amount. The estimated uncollectible amount is $7,400, so the estimated collectible amount is $340,000 - $7,400 = $322,600.

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