At December 31, 2021, Concord Company had a credit balance of $18,800 in Allowance for Doubtful Accounts. During 2022, Concord wrote off accounts totaling $13,500. One of those accounts ($3,500) was later collected. At December 31, 2022, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $30,700. Prepare journal entries to record the 2022 transactions of Concord Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

At December 31, 2021. Concord Company had a credit balance of $18,800 in Allowance for Doubtful Accounts. During 2022. Concord wrote off accounts totaling $13,500. One of those accounts ($3,500) was later collected. At December 31,2022 , an aging schedule indicated that the baiance in Allowance for Doubtful Accounts should be $30,700. Prepare journal entries to record the 2022 transactions of Concord Company. (Credit account titles are outomatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record amount written off) (To reverse write-off) (To record collection of writeoff) (To record estimated bad debts for the year)