Business, 15.12.2020 16:50 zekiyekaya0571
At December 31, Gill Co. reported accounts receivable of $243,000 and an allowance for uncollectible accounts of $1,100 (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:
a. $8,620.
b. $9,720.
c. $10,820.
d. $1,100.
Answers: 2
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At December 31, Gill Co. reported accounts receivable of $243,000 and an allowance for uncollectible...
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