At December 31, Gill Co. reported accounts receivable of $241,000 and an allowance for uncollectible accounts of $1,450 (credit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 2% of accounts receivable. The amount of the adjustment for uncollectible accounts would be:A. $6,540. B. $7,800. C. $7,140. D. $7,740.
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