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Compute the Calistogas final balance in its allowance

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Question - Calistoga Produce estimates bad debt expense at 0.40% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $484,000 and $1,470 respectively, at December 31, 2017. During 2018, Calistoga's credit sales and collections were $330,000 and $301,000, respectively, and $1,780 in accounts receivable were written off.

Compute the Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2018?

a. $915.

b. $1,660.

c. $1,895.

d. $1,010.

Reference no: EM132560939

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