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Calistoga Produce estimates bad debt expense at 0.20% of credit sales. The company reported accounts...

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Accounting

Calistoga Produce estimates bad debt expense at 0.20% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $477,000 and $1,550 respectively, at December 31, 2023. During 2024, Calistoga's credit sales and collections were $328,000 and $316,000, respectively, and $1,770 in accounts receivable were written off. Calistoga's 2024 bad debt expense is

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