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At December 31, Gill Co. reported accounts receivable of $236,000 and an allowance for uncollectible accounts of $900 (debit) before any adjustments. An analysis of
At December 31, Gill Co. reported accounts receivable of $236,000 and an allowance for uncollectible accounts of $900 (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:
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$9,440.
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$10,340.
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$900.
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$8,540.
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