Question

At the end of January, the unadjusted trial balance of Windsor, Inc. included the following accounts:...

At the end of January, the unadjusted trial balance of Windsor, Inc. included the following accounts:

Debit

Credit

Sales (80% represent credit sales)

$

500,000

Accounts Receivable

$

340,000

Allowance for Doubtful Accounts

$

800

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 net realizable value of Windsor's accounts receivable in the January 31 balance sheet is:

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