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Calistoga Produce estimates bad debt expense at 0.50% of credit sales. The company reported accounts...

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Accounting

Calistoga Produce estimates bad debt expense at 0.50% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $471,000 and $1,650, respectively, at December 31,2023. During 2024, Calistoga's credit sales and collections were $315,000 and $319,000, respectively, and $1,720 in accounts receivable were written off.
Calistoga's accounts receivable at December 31,2024 are
$467,000.
$473,280.
$465,280.
$469,280.

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