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Business, 12.03.2021 15:40 eagles2286

As of December 31, 2020, Gill Co. reported accounts receivable of $236,000 and an allowance for uncollectible accounts of $8,400. During 2021, accounts receivable increased by $22,300, (that change includes $7,400 of bad debts that were written off). An analysis of Gill Co.'s December 31, 2021, accounts receivable suggests that the allowance for uncollectible accounts should be 1% of accounts receivable. Bad debt expense for 2021 would be:

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As of December 31, 2020, Gill Co. reported accounts receivable of $236,000 and an allowance for unco...

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