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The company reported accounts receivable and allowance for uncollectible accounts

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Calistoga Produce estimates bad debt expense at ?% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $471,000 and $1,650 respectively, at December 31, 2008. During 2009, Calistoga's credit sales and collections were $315,000 and $319,000, respectively, and $1,720 in accounts receivable were written off.;9. (1) Calistoga's adjusted allowance for uncollectible accounts at December 31, 2009, is;$1,575.;$1,505.;$1,650.;$1,720.

 

Paper#25462 | Written in 18-Jul-2015

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