Calistoga Produce estimates bad debt expense at ½% 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.
- Calistoga's accounts receivable at December 31, 2018, are:

Question

Quizplus · Accepted Answer

$\begin{array}{lrr}
\text { A/R 1/1/2018 } & \$ 471,000 \
\text { Credit sales } & \$ 315,000 \
\text { Collections } & (319,000) \
\text { Write-offs } & (1,720) \
\text { A/R 12/31/2018 } & \$ 465,280
\end{array}$

Calistoga Produce Estimates Bad Debt Expense at ½% of Credit