Business, 14.04.2020 17:26 creeper2737

At December 31, Gill Co. reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (credit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. The amount of the adjustment for uncollectible accounts would be:

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At December 31, Gill Co. reported accounts receivable of $238,000 and an allowance for uncollectible...

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