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Calistoga Produce estimates bad debt expense at 0.50% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $490,000 and $1,630,
Calistoga Produce estimates bad debt expense at 0.50% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $490,000 and $1,630, respectively, at December 31, 2023. During 2024, Calistoga's credit sales and collections were $326,000 and $301,000, respectively, and $1,720 in accounts receivable were written off. Calistoga's accounts receivable at December 31, 2024, are: Multiple Choice $517,280. $515,000. $521,280. $513,280
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