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At December 31, Sock Geeks reported accounts receivable of $278,000 and an allowance for uncollectible...

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Accounting

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At December 31, Sock Geeks reported accounts receivable of $278,000 and an allowance for uncollectible accounts of $800 (credit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 4% of accounts receivable. The amount of the adjustment for uncollectible accounts would be: Multiple Choice $11,230. $10,320. $11,120. $800

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