Chez Fred Bakery estimates the allowance for uncollectble accounts at 1% of the ending balance of accounts receivable. During 2021. Chez Fred's credit sales and collections were $123,000 and $136,000, respectively. What was the balance of accounts receivable on January 1, 2021, 14 $230 in accounts receivable were written off during 2021 and if the allowance account had a balance of S1020 on December 31, 2021 Multiple Choice $36,000 $360 $115.230 None of these answer choices are correct Help Save & Eet Sub 4 False Value Hardware began 2021 with a credit balance of $31500 in the refund ability account Sales and cash collections from customers during the year were $620,000 and 5580,000, respectively. False Value estimates that BX of all sales wat be returned. During 2021, customers returned merchandise for credit of $24,000 to their accounts What is the balance in the refund liability account at the end of 2027 Multiple Choice 573.600 $52100 $2.500 $49.600 Calistoga Produce estimates bad debt expense at Va% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $471,000 and $1,650, respectively, at December 31, 2020. During 2021. Calistoga's credit sales and collections were $315,000 and $319,000, respectively, and $1720 in accounts receivable were written oft Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2021, is: Multiple Choice $1.575. $1,505 $1650 $1,720