At the beginning of the current period, Concord Corporation had balances in Accounts Receivable of $$176,000$ and in Allowance for

Doubtful Accounts of $$7,920.$ During the period, it had net credit sales of $$704,000$ and collections of $$671,440.$ It wrote off as

uncollectible accounts receivable of $$6,424.$ Uncollectible accounts are estimated to total $$22,000$ at the end of the period. $($Omit

recording cost of goods sold.$)$

$(a-c)$

Your answer is partially correct.

Enter the beginning balances for Accounts Receivable and Allowance for Doubtful Accounts in a tabular summary. Use the

summary to record transactions $($a$),($b$),$ and $($c$)$ below.

$($a$)$ Record sales and collections during the period.

$($b$)$ Record the write$-$off of uncollectible accounts during the period.

$($c$)$ Record bad debt expense for the period.