Current Attempt in Progress

Concord Company reports the following financial information before adjustments.

Prepare the journal entry to record bad debt expense assuming Concord Company estimates bad debts at $($a$)4\%$ of accounts

receivable and $($b$)4\%$ of accounts receivable but Allowance for Doubtful Accounts had a $$1,350$ debit balance. $($If no entry is required,

select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is

entered. Do not indent manually. List all debit entries before credit entries.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$

$($b$)$

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