Question

Calistoga Produce estimates bad debt expense at 0.30% of credit sales. The company reported accounts receivable

and allowance for uncollectible accounts of $490,000 and $1,540 respectively, at December 31, 2015. During 2016, Calistoga’s credit sales and collections were $323,000 and $301,000, respectively, and $1,850 in accounts receivable were written off.

Calistoga’s adjusted allowance for uncollectible accounts at December 31, 2016, is:$659.$564.$1,309.$1,544.

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