Business, 16.04.2021 01:00 cleatcucarol

As of December 31, 2020, Gill Co. reported accounts receivable of $233,000 and an allowance for uncollectible accounts of $8,900. During 2021, accounts receivable increased by $22,900, (that change includes $7,350 of bad debts that were written off). An analysis of Gill Co.'s December 31, 2021, accounts receivable suggests that the allowance for uncollectible accounts should be 4% of accounts receivable. Bad debt expense for 2021 would be:

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As of December 31, 2020, Gill Co. reported accounts receivable of $233,000 and an allowance for unco...

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