At December 31,Gill Co

question 90

Multiple Choice

At December 31,Gill Co.reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (debit) before any adjustments.An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable.The amount of the adjustment for uncollectible accounts would be:

• A)$6,540.
• B)$7,800.
• C)$7,140.
• D)$7,740.

---

Definitions:

Negotiation-Of-Selves Conflict

A psychological conflict that arises when an individual's different social roles or selves are in opposition, requiring negotiation or compromise among them.

Lose-Lose Strategy

A strategy in which everyone gives up something, and the focus is on compromise.

Compromise

An agreement or settlement of a dispute that is reached by each side making concessions.

Industrial Economy

A system characterized by large-scale, automated manufacturing, capital-intensive production, and the significant role of the industry sector in economic activities.