jense023 jense023
  • 14-02-2024
  • Business
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At December 31, Gill Company reported accounts receivable of $234,000 and an allowance for uncollectible accounts of $1,000 (credit) before adjustment. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 2% of accounts receivable. The amount of the adjusting entry for uncollectible accounts would be:

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