The amount of adjustment for uncollectible accounts

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Reference no: EM1376727

At 31^st December, Gill Co. reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (debit). An analysis of accounts receivable suggests that allowance for uncollectible accounts should be 3 percent of accounts receivable. The amount of adjustment for uncollectible accounts would be:

Reference no: EM1376727

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