Question

Calistoga Produce estimates bad debtexpense at 0.30% of credit sales. The company reported accountsreceivable and allowance for uncollectible accounts of $478,000 and$1,520 respectively, at December 31, 2012. During 2013, Calistoga’scredit sales and collections were $324,000 and $310,000,respectively, and $1,790 in accounts receivable were writtenoff.

Calistoga’s adjusted allowance for uncollectible accounts atDecember 31, 2013, is:

rev: 10_17_2012

$1,587.

  $702.

  $1,352.

$607.

 



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