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At December 31,2021 , Concord Co. reported the following information on its balance sheet. During 2022, the company had the following transactions related to receivables. (a) Your answer is correct. Prepare the journal entries to record each of these five transactions. Assume that no cash No Account Titles and Explanation Debit Credit 1. Accounts Recelvable 3,715,300 Sales Revenue 2. Soles Returns and Allowances Accounts Receivable 3. Cash Accounts Recelvable 4. Allowance for Doubtful Accounts Accounts Receivable 5. Accounts Receivable Allowance for Doubtful Accounts (To reverse account previously written oft) Cah Accounts flecelvable (To record the collection of accounts receivable) Enter the January 1,2022, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use T-accounts), and determine the balances. (Post entries in the order of journal entries presented in the previous part.) 6) Your answer is incorrect. Prepare the journal entry to record bad debt expense for 2022 , assuming that an aging of accounts receivable indicates that expected uncollectibles are $115,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) eTextbook and Media List of Accounts Attempts: unlimited (d) The parts of this question must be completed in order. This part will be available when you complete the part above

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