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The following information relates to Halloran Company's accounts receivable for 2024 Accounts receivable balance, 1/1/2024 Credit sales for 2024 Accounts receivable written off during 2024
The following information relates to Halloran Company's accounts receivable for 2024 Accounts receivable balance, 1/1/2024 Credit sales for 2024 Accounts receivable written off during 2024 Collections from customers during 2024 Allowance for uncollectible accounts balance, 12/31/2024 $ 851,000 3,360,000 58,000 3,020,000 216,000 What amount should Halloran report for accounts receivable, before allowances, at December 31, 2024? Multiple Choice $1,133,000 $917,000 Multiple Choice $1,133,000 $917,000 None of these answer choices are correct O O $1,191,000 Calistoga Produce estimates bad debt expense at 0.30% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $472,000 and $1,530 respectively, at December 31, 2023. During 2024, Calistoga's credit sales and collections were $325,000 and $301,000, respectively, and $1,810 in accounts receivable were written off. Calistoga's 2024 bad debt expense is: Multiple Choice $905 $1,120 $975 $905 $1,120 O $975 O $1,050
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