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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 $482,000 and $1,510, respectively, at December 31, 2023. During 2024, Calistoga's credit sales and collections were $332,000 and $315,000, respectively, and $1,520 in accounts receivable were written off. Calistoga's accounts receivable at December 31, 2024, are: Multiple Choice $497,480. $499,000. $505,480. $501,480.

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