1)

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 $1,490 respectively, at December 31, 2020. During 2021, Calistoga's credit sales and collections were $323,000 and $313,000, respectively, and $1,780 in accounts receivable were written off. Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2021, is:

Multiple Choice

• $1,329.

• $584.

• $1,564.

• $679.

2)

The balance in accounts receivable at the beginning of 2021 was $640. During 2021, $3,100 of credit sales were recorded. If the ending balance in accounts receivable was $210 and $100 in accounts receivable were written off during the year, the amount of cash collected from customers during 2021 was:

Multiple Choice

• $3,740.

• $3,430.

• $3,100.

• $3,530.