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Business, 30.10.2021 04:10 bskyeb14579

At December 31, Fit2Run reported accounts receivable of $251,000 and an allowance for uncollectible accounts of $1,600 (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:

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At December 31, Fit2Run reported accounts receivable of $251,000 and an allowance for uncollectible...

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