As of December 31, 2017. Gill Co. reported accounts receivable of $219,000 and an allowance...
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Accounting
As of December 31, 2017. Gill Co. reported accounts receivable of $219,000 and an allowance for uncollectible accounts of $9,200. During 2018, accounts receivable increased by $22,900.(that change includes $7,400 of bad debts that were written off). An analysis of Gill Co's December 31, 2018, accounts receivable suggests that the allowance for uncollectible accounts should be 1% of accounts receivable. Bad debt expense for 2018 would be: Multiple Choice O O $2.419 O None of these answer choices are correct O
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