Analyzing Accounts Receivable Changes (FSET) During the year, Grant Corporation recorded credit sales of $2,560,000 and bad debts expense of $33,600. Write-offs of uncollectible accounts totaled $31,200, and one account, worth $9,600 that had been written off in an earlier year, was collected during the year. a. Report each of the above transactions in the financial statement effects template to show the effect of these entries on the balance sheet and income statement. Note: Use negative signs with your answers, when appropriate

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