Question: please answer quickly At December 31, Gill Co. reported accounts receivable of $232,000 and an allowance for uncollectible accounts of $650 (credit) before any adjustments.

please answer quickly please answer quickly At December 31, Gill Co. reported accounts receivable of

At December 31, Gill Co. reported accounts receivable of $232,000 and an allowance for uncollectible accounts of $650 (credit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 1% of accounts receivable. The amount of the adjustment for uncollectible accounts would be: Multiple Choice $1,670 $2.320 $650 $780

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