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PokemonGo Company estimates bad debt expense at 0.40% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $488,000 and $1,630
PokemonGo Company estimates bad debt expense at 0.40% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $488,000 and $1,630 respectively, at December 31, 2020. During 2021, PokemonGo's credit sales and collections were $322,000 and $307,000, respectively, and $1,920 in accounts receivable were written off. PokemonGo's final balance in its allowance for uncollectible accounts at December 31, 2021, is:
Multiple Choice
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$903.
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$998.
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$1,648.
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$1,883.
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