11.

The following information relates to Halloran Co.'s accounts receivable for 2018:

Accounts receivable balance, 1/1/2018	$	852,000
Credit sales for 2018		3,450,000
Accounts receivable written off during 2018		60,000
Collections from customers during 2018		2,910,000
Allowance for uncollectible accounts balance, 12/31/2018		219,000

What amount should Halloran report for accounts receivable, before allowances, at December 31, 2018?

Multiple Choice

a. $1,332,000.

d. $1,392,000.

c. $1,113,000.

d. None of these answer choices are correct.

12.

Calistoga Produce estimates bad debt expense at 0.40% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $482,000 and $1,550, respectively, at December 31, 2017. During 2018, Calistoga's credit sales and collections were $321,000 and $316,000, respectively, and $1,920 in accounts receivable were written off. Calistoga's accounts receivable at December 31, 2018, are:

Multiple Choice

a. $480,080.

b. $475,080.

c. $485,080.

d. $487,000.

13.

Calistoga Produce estimates bad debt expense at 0.30% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $476,000 and $1,570 respectively, at December 31, 2017. During 2018, Calistoga's credit sales and collections were $316,000 and $314,000, respectively, and $1,750 in accounts receivable were written off. Calistoga's 2018 bad debt expense is:

Multiple Choice

a. $942.

b. $948.

c. $1,670.

d. $868.

14.

Calistoga Produce estimates bad debt expense at 0.20% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $472,000 and $1,630 respectively, at December 31, 2017. During 2018, Calistoga's credit sales and collections were $317,000 and $313,000, respectively, and $1,830 in accounts receivable were written off. Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2018, is:

Multiple Choice

a. $1,084.

b. $434.

c. $1,319.

d. $339.

15.

The balance in accounts receivable at the beginning of 2018 was $630. During 2018, $2,600 of credit sales were recorded. If the ending balance in accounts receivable was $70 and $200 in accounts receivable were written off during the year, the amount of cash collected from customers during 2018 was:

Multiple Choice

a. $2,960.

b. $3,160.

c. $3,230.

d. $2,600.