At December 31, Gill Company reported accounts receivable of $255,000 and an allowance for uncollectible accounts of $1,100 (credit) before adjustment. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 5% of accounts receivable. The amount of the adjusting entry for uncollectible accounts would be: Multiple Choice $11,650. $12,750. $12,160. $1,100