As of December 31, 2015, Gill Co. reported accounts receivable of $227000 and an allowance...
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Accounting
As of December 31, 2015, Gill Co. reported accounts receivable of $227000 and an allowance for uncollectible accounts of $9,100. During 2016, accounts receivable increased by $22.500, including $7.500 in bad debts that were written off An analysis of Gill Co's December 31, 2016, accounts receivable suggests that the allowance for uncollectible accounts should be 1% of accounts receivable. Bad debt expense for 2016 would be Multiple Choice $7500 $2,495 None of these answer choices are correct $895
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