Calistoga Produce estimates bad debt expense at 0.60% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $487,000 and $1,520 respectively, at December 31, 2020. During 2021, Calistoga's credit sales and collections were $331,000 and $317,000, respectively, and $1,740 in accounts receivable were written off. Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2021, is:
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Home » Business » Calistoga Produce estimates bad debt expense at 0.60% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $487,000 and $1,520 respectively, at December 31, 2020.