Business, 19.06.2020 18:57 simplemickey123
At December 31, Gill Co. reported accounts receivable of $268,000 and an allowance for uncollectible accounts of $1,100 (credit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 2% of accounts receivable. The amount of the adjustment for uncollectible accounts would be:
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At December 31, Gill Co. reported accounts receivable of $268,000 and an allowance for uncollectible...
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