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Question 30 On December 31, 2020, Concord Co. estimated that 3% of its net accounts receivable of $444,200 will become uncollectible. The company recorded this

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Question 30 On December 31, 2020, Concord Co. estimated that 3% of its net accounts receivable of $444,200 will become uncollectible. The company recorded this amount as an addition to Allowance for Doubtful Accounts. The allowance account had a zero balance before adjustment at December 31, 2020. On May 11, 2021. Concord Co. determined that the Jeff Shoemaker account was uncollectible and wrote off $2,221. On June 12, 2021, Shoemaker paid the amount previously written off Prepare the journal entries on December 31, 2020, May 11, 2021, and June 12, 2021. (Credit account tities are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit (To reverse write-off) (To record collection of write-off) Click if you would like to show Work for this question One Show Wor

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