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For 2021, Rahar's Auto Parts estimates bad debt expense at 2% of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts
For 2021, Rahar's Auto Parts estimates bad debt expense at 2% of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts of $88,500 and $2,500, respectively, at December 31, 2020. During 2021, Rahal's credit sales and collections were $408.000 and $412,000, respectively, and $2.940 in accounts receivable were written off. Rahal's final balance in its allowance for uncollectible accounts at December 31, 2021, is: Multiple Choice $5.340 $4,500 $7,720 2 of 22 Next > Calistoga Produce estimates bad debt expense at 0.50% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $476,000 and $1,490 respectively, at December 31, 2020. During 2021, Calistoga's credit sales and collections were $316,000 and $308,000, respectively, and $1,810 in accounts receivable were written off Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2021, is: Multiple Choice $1260 $1165 51.910 bal Calistoga Produce estimates bad debt expense at 0.60% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $480,000 and $1,530, respectively, at December 31, 2020. During 2021, Calistoga's credit sales and collections were $324,000 and $304,000, respectively, and $1,780 in accounts receivable were written off. Calistoga's accounts receivable at December 31, 2021, are: Multiple Choice $478.220 $458 220 3500.000
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