Business, 04.06.2021 01:00 deeoki3384

At December 31, Gill Co. reported accounts receivable of $246,000 and an allowance for uncollectible accounts of $1,200 (debit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 4% 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 $246,000 and an allowance for uncollectible...