Produce estimates bad debt expense

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Reference no: EM13790756

Calistoga Produce estimates bad debt expense at 0.30% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $474,000 and $1,640, respectively, at December 31, 2012. During 2013, Calistoga's credit sales and collections were $326,000 and $312,000, respectively, and $1,820 in accounts receivable were written off.

Calistoga's accounts receivable at December 31, 2013, are:

$486,180.

$458,180.

$472,180.

$488,000.

Reference no: EM13790756

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