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At December 31, Gill Co, reported accounts receivable of $240,000 and on allowance for uncollectible accounts of $950 (credit) before any adjustments. An analysis of

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At December 31, Gill Co, reported accounts receivable of $240,000 and on allowance for uncollectible accounts of $950 (credit) 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: Multiple Choice $950 $8.100 $9.600

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