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Posted: **Sat May 07, 2022 8:27 pm**

: At December 31 Gil Co Reported Accounts Receivable Of 266 000 And An Allowance For Uncollectible Accounts Of 850 Cr 1 (18.77 KiB) Viewed 29 times

: At December 31 Gil Co Reported Accounts Receivable Of 266 000 And An Allowance For Uncollectible Accounts Of 850 Cr 2 (39.91 KiB) Viewed 29 times

At December 31, Gil Co, reported accounts receivable of $266,000 and an allowance for uncollectible accounts of $850 (credit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. The amount of the adjustment for uncollectible accounts would be Multiple Choice $7130 $850 G 57980
Multiple Choice $7130 $850 $7.980. O $7,440