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Calculate the Calistoga final balance in its allowance

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Question - Calistoga Produce estimates bad debt expense at 0.20% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $472,000 and $1,630 respectively, at December 31, 2017. During 2018, Calistoga's credit sales and collections were $319,000 and $307,000, respectively, and $1,890 in accounts receivable were written off.

Calculate the Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2018?

$1,028.

$1,263.

$378.

$283.

Reference no: EM132270564

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