Question 8 of 14 - /1 View Policies Current Attempt in Progress The following are selected transactions of Concord Company. Concord sells in large quantities to other companies and also sells its product in a small retail outlet. March 1 Sold merchandise on account to Dodson Company for $8,800, terms 6/10, n/30. 3 Dodson Company returned merchandise with a sales price of $700 to Concord. 9 Concord collected the amount due from Dodson Company from the March 1 sale. 15 Concord sold merchandise for $1,000 in its retail outlet. The customer used his Concord credit card. 31 Concord added 1.8% monthly interest to the customer's credit card balance. Prepare journal entries for the transactions above. (Ignore cost of goods sold entries and explanations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit At December 31, 2021, Bramble Co.reported the following information on its balance sheet. Accounts receivable $954,000 Less: Allowance for doubtful accounts 82.000 During 2022, the company had the following transactions related to receivables. 1. Sales on account $3,726,100 2. Sales returns and allowances 48,300 3. Collections of accounts receivable 2.805,400 4. Write-offs of accounts receivable deemed uncollectible 90.900 5. Recovery of accounts previously written off as uncollectible 28,000 (a) Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation Debit Credit 1. 2. 3. 4 5. (To reverse account previously written off.) (To record the collection of accounts receivable.)