Calistoga Produce estimates bad debt expense at 0.30% of credit sales.

Calistoga Produce estimates bad debt expense at 0.30% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $490,000 and $1,540 respectively, at December 31, 2015. During 2016, Calistoga's credit sales and collections were $323,000 and $301,000, respectively, and $1,850 in accounts receivable were written off. Calistoga's adjusted allowance for uncollectible accounts at December 31, 2016, is: