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Current Attempt in Progress The ledger of Concord Corporation at the end of the current year shows Accounts Receivable $75,800: Credit Sales $818,100, and Sales

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Current Attempt in Progress The ledger of Concord Corporation at the end of the current year shows Accounts Receivable $75,800: Credit Sales $818,100, and Sales Returns and Allowances $39.600. (a) If Concord Corporation uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Concord Corporation determines that Matisse's $812 balance is uncollectible. (b) Allowance for Doubtful Accounts has a credit balance of $1,060 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 10% of accounts receivable. (c) If Allowance for Doubtful Accounts has a debit balance of $530 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 7% of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) (b) (c)

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