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Business, 06.08.2019 02:10 jayjay5246

At december 31, gill co. reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (credit) 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:
(a) $6,540
(b) $7,800
(c) $7,140
(d) $7,740.

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