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At December 31, Gill Company reported accounts receivable of $252,000 and an allowance for uncollectible accounts of $850 (credit) before adjustment. An analysis of accounts

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At December 31, Gill Company reported accounts receivable of $252,000 and an allowance for uncollectible accounts of $850 (credit) before adjustment. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 6% of accounts receivable. The amount of the adjusting entry for uncollectible accounts would be: Multiple Choice $850 $14,270. $13,580 At December 31, Gill Company reported accounts receivable of $252,000 and an allowance for uncollectible accounts of $850 (credit) before adjustment. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 6% of accounts receivable. The amount of the adjusting entry for uncollectible accounts would be: Multiple Choice $850 $14,270. $13,580

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