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At December 31, Sock Geeks reported accounts receivable of $228,000 and an allowance for uncollectible accounts of $1,500 (debit) before any adjustments had been made.

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At December 31, Sock Geeks reported accounts receivable of $228,000 and an allowance for uncollectible accounts of $1,500 (debit) before any adjustments had been made. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 2% of accounts receivable. The amount of the adjusthent for uncollectible accounts would be: Multiple Choice $1,500 $3,060 O $4,560 O $6.060

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