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Green Produce estimates bad debt expense at 0.40% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $480,000 and $1,630
Green Produce estimates bad debt expense at 0.40% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $480,000 and $1,630 respectively, at December 31, 2020. During 2021, Green's credit sales and collections were $328,000 and $315,000, respectively, and $1,840 in accounts receivable were written off. Green's final balance in its allowance for uncollectible accounts at December 31, 2021, is:
Multiple Choice
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$1,752.
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$1,007.
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$1,102.
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$1,987.
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