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Calistoga Produce estimates bad debt expense at 0.40% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $485,000 and $1,650
Calistoga Produce estimates bad debt expense at 0.40% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $485,000 and $1,650 respectively, at December 31, 2017. During 2018, Calistoga's credit sales and collections were $316,000 and $299,000, respectively, and $1,820 in accounts receivable were written off.
Calistoga's 2018 bad debt expense is:
$1,264.
$1,196
$1,750
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