Chez Fred Bakery estimates the allowance for uncollectible 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, it $230 in accounts receivable were written off during 2021 and if the allowance account had a balance of $1020 on December 31, 2021 Multiple Choice $35.000 $360 $115230 None of these answer choices are correct 25 111 Next > Help Polse Value Hardware began 2021 with a credit balance of $31,500 in the refund ability account Sales and cash collections from customers during the year were $620,000 and $580,000, respectively. False Value estimates that 8% of alles will be returned. During 2021, customers returned merchandise for credit of $24,000 to the accounts What is the balance in the refund liability account at the end of 2021 Multiple Choice $73,600 $57.100 O $2.500 O $49,600 Help Save & Submit Catstoga Produce estimates bad debt expense at % of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $471,000 and $1650, respectively, at December 31, 2020. During 2021, Calistoga's credit sales and collections were $375,000 and $319,000, respectively, and $1,720 in accounts receivable were written oft Calistoge's final balance in its allowance for uncollectible accounts at December 31, 2021, 12 Multiple Choice $1,575 $1.505 $1650 51720