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Question 3 Part A and B A. Calistoga Produce estimates bad debt expense at 0.30% of...

Question 3 Part A and B

A. Calistoga Produce estimates bad debt expense at 0.30% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $484,000 and $1,510 respectively, at December 31, 2017. During 2018, Calistoga's credit sales and collections were $326,000 and $315,000, respectively, and $1,840 in accounts receivable were written off.

Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2018, is:

Multiple Choice

  • $1,533.

  • $553.

  • $1,298.

  • $648.

B.

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