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Business, 03.12.2019 23:31 ktip2018

Calistoga produce estimates bad debt expense at 1/2% of credit sales. the company reported accounts receivable and allowance for uncollectible accounts of $471,000 and $1,650, respectively, at december 31, 2017. during 2018, calistoga's credit sales and collections were $315,000 and $319,000, respectively, and $1,720 in accounts receivable were written off.
1. calistoga's accounts receivable at december 31, 2013, are:
a. $467,000.
b. $473,280.
c. $465,280.
d. $469,280.
2. calistoga's 2013 bad debt expense is:
a. $1,720.
b. $1,650.
c. $1,505.
d. $1,575.
3. calistoga's adjusted allowance for uncollectible accounts at december 31, 2013, is:
a. $1,575.
b. $1,505.
c. $1,650.
d. $1,720.

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