Gill corporation reported accounts receivable

Reference no: EM131017831

As of December 31, 2015, Gill Co. reported accounts receivable of $233,000 and an allowance for uncollectible accounts of $8,900. During 2016, accounts receivable increased by $22,100 , and $7,550 of bad debts were written off. An analysis of Gill Co.'s December 31, 2016, accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. Bad debt expense for 2016 would be:

a) None of these answer choices are correct.
b) $7,653.
c) $6,303.
d) $7,550.

Reference no: EM131017831

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