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Business, 01.05.2021 03:40 Smays6903

At December 31, Gill Co. reported accounts receivable of $288,000 and an allowance for uncollectible accounts of $1,500 (credit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 1% 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 $288,000 and an allowance for uncollectible...

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