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and the d option is d) 496000 Calistoga Produce estimates bad...

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Accounting

imageand the d option is d) 496000
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Calistoga Produce estimates bad debt expense at 0.40% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $483,000 and $1,620, respectively, at December 31, 2020. During 2021, Calistoga's credit sales and collections were $329,000 and $316,000, respectively, and $1,780 in accounts receivable were written off. Calistoga's accounts receivable at December 31, 2021, are: Multiple Choice O $494,220 $468,220 $481220 On November 10 of the current year, Flores Mills sold carpet to a customer for $8,800 with credit terms 2/10, n/30. Flores uses the gross method of accounting for sales discounts. What is the correct entry for Flores on November 17, assuming the correct payment was received on that date? Multiple Choice Cash Sales Accounts receivable 8,624 176 8,800 O 8,624 Cash Accounts receivable 8,624 Cash Sales discounts 8,800 176 Cash Sales Accounts receivable 8,624 176 8,800 Cash Accounts receivable 8,624 8,624 8,800 176 Cash Sales discounts Accounts receivable Sales 8,800 176 Cash Sales discounts Accounts receivable 8,624 176 8,800

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