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Calistoga Produce estimates bad debt expense at 0.6% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $481,000 and $1,630,
Calistoga Produce estimates bad debt expense at 0.6% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $481,000 and $1,630, respectively, at December 31, 2020. During 2021, Calistoga's credit sales and collections were $331,000 and $309,000, respectively, and $1,780 in accounts receivable were written off. Calistoga 2021 bad debt expense is:
Calistoga Produce estimates bad debt expense at 0.6% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $481,000 and $1,630, respectively, at December 31, 2020. During 2021, Calistoga's credit sales and collections were $331,000 and $309,000, respectively, and $1,780 in accounts receivable were written off.
Calistoga 2021 bad debt expense is:
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Horngrens Financial & Managerial Accounting
Authors: Tracie Miller Nobles, Brenda Mattison
7th Edition
0136516254, 9780136516255
