1. Cal Produce estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $471,000 and $1,650, respectively at December 31, 2019. During 2020, Cal Produces credit sales and collections were $315,000 and $319,000 respectively and $1,720 in accounts receivable were written off. Cal Produce uses the Income Statement Approach to calculate bad debt expense. (Hint: Use T-accounts and look at journal entries)
   1. What is Cal Produces 2020 bad debt expense?
   2. What is Cal Produces adjusted Allowance for Uncollectible Accounts balance at December 31, 2020?