Estimating the bad debt expense

Reference no: EM13131514

Calistoga Produce estimates bad debt expense at ½% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $471,000 and $1,650 respectively, at December 31, 2010. During 2011, Calistoga's credit sales and collections were $315,000 and $319,000, respectively, and $1,720 in accounts receivable were written off.

Calistoga's accounts receivable at December 31, 2011, are:

a. $467,000.

b. $473,280.

c. $465,280.

d. $469,280.

Reference no: EM13131514

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