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At December 31, Gill.Co. reported accounts receivable of $249,000 and an allowance for uncollectible accounts of $1,700 (debit) before any adjustments. An analysis of accounts

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At December 31, Gill.Co. reported accounts receivable of $249,000 and an allowance for uncollectible accounts of $1,700 (debit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. The amount of the adjustment for uncollectible accounts would be: Multiple Choice $1,700. $7,470. $9,170 $5,770

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