Calistoga Produce estimates bad debt expense at 0.30% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $474,000 and $1,640, respectively, at December 31, 2012. During 2013, Calistoga's credit sales and collections were $326,000 and $312,000, respectively, and $1,820 in accounts receivable were written off.
Calistoga's accounts receivable at December 31, 2013, are:
$486,180.
$458,180.
$472,180.
$488,000.