As of december 31, 2020, gill co. reported accounts receivable of $216,000 and an allowance for uncollectible accounts of $8,400. during 2021, accounts receivable increased by $22,000 (that change includes $7,800 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 3% of accounts receivable. bad debt expense for 2021 would be

$6,540

Explanation:

Accounts receivable at 12/31/2022:

= Accounts receivable at 12/31/2021 + Increase

= $216,000 + $22,000

= $238,000

Uncollectible accounts receivable:

= 3% of Accounts receivable at 12/31/2022

= 0.03 × $238,000

= $7,140

Allowance = Allowance at 12/31/2021 - Writes Off

                  = $8,400 - $7,800

                  = $600

Therefore,

Bad debt expense for 2021 would be:

= Uncollectible accounts receivable - Allowance

= $7,140 - $600

= $6,540

answer; (1) blank; decreases; ///blank(2) increases; ///blank(3)increases;

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"