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33 Calistoga Produce estimates bad debt expense at 0.50% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $487,000 and
33 Calistoga Produce estimates bad debt expense at 0.50% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $487,000 and $1,540 respectively, at December 31, 2020. During 2021, Calistoga's credit sales and collections were $325,000 and $303,000, respectively, and $1,900 in accounts receivable were written off. Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2021, is: 8 01:10:50 Multiple Choice O $2,150. O $1,170. O $1.265. $1,915. O
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