At December 31, Gill Company reported accounts receivable of $231,000 and an allowance for uncollectible accounts of $1,050 (credit) before adjustment. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 1% of accounts receivable. The amount of the adjusting entry for uncollectible accounts would be:

Multiple Choice

$2,310.

$1,050.

$1,260.

$1,770.