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Find the amount of the adjustment for uncollectible accounts

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Question - At December 31, Bull Dog Inc reported accounts receivable of $200,000 and an allowance for uncollectible accounts of $600 (debit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. Find the amount of the adjustment for uncollectible accounts?

A. Credit for $7,200.

B. Credit for $7,740.

C. Credit for $6,600.

D. Debit for $5,400

Reference no: EM133126092

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