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At December 31, Gill Co. reported accounts receivable of $233,000 and an allowance for uncollectible accounts of $1,000
Posted: Sun Jul 03, 2022 4:15 pm
by answerhappygod
- At December 31 Gill Co Reported Accounts Receivable Of 233 000 And An Allowance For Uncollectible Accounts Of 1 000 1 (28.07 KiB) Viewed 10 times
At December 31, Gill Co. reported accounts receivable of $233,000 and an allowance for uncollectible accounts of $1,000 (credit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectibl accounts should be 2% of accounts receivable. The amount of the adjustment for uncollectible accounts would be: Multiple Choice: $4,660. $3,370. $3,660. $1,000.