The ledger of Concord Corporation at the end of the current year shows Accounts Receivable $ 69,000, Credit Sales $ 810,000, and Sales Returns and Allowances $ 41,200. Prepare journal entries for each separate scenario below. (a) (b) 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 $ 700 balance is uncollectible. If Allowance for Doubtful Accounts has a credit balance of $ 900 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 12% of accounts receivable. If Allowance for Doubtful Accounts has a debit balance of $ 493 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 11% of accounts receivable. (c) (Credit account tibles are automatically indented when amount is entered. Do not indent manually Ne. Account Titles and Explanation (a) (b)