Information on Concord Corporation, which reports under ASPE, follows:

July 1		Concord Corporation sold to Sheridan Company merchandise having a sales price of $8,800, terms 2/10, n/60. Ignore cost of goods sold entry.
3		Sheridan Company returned defective merchandise having a sales price of $900. The merchandise was not saleable and was scrapped.
5		Accounts receivable of $18,600 are factored with Cheyenne Corp. without recourse at a financing charge of 9%. Cash is received for the proceeds and collections are handled by the finance company.
9		Specific accounts receivable of $19,200 (gross) are pledged to Landon Credit Corp. as security for a loan of $10,200 at a finance charge of 3% of the loan amount plus 9% interest on the outstanding balance. Concord will continue to make the collections. All the accounts receivable pledged are past the discount period and were originally subject to a 2% discount.
Dec. 29		Sheridan Company notifies Concord that it is bankrupt and will be able to pay only 10% of its account. Give the entry to write off the uncollectible balance using the allowance method.

(a) Prepare all necessary journal entries on Concord Corporations books. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
7/17/37/57/912/29
7/17/37/57/912/29
7/17/37/57/912/29
7/17/37/57/912/29
7/17/37/57/912/29