Current Attempt In Progress

At December $31,2021.$ Concord Corporation reported this information on its balance sheet.

Accounts recelvable

Less: Allowance for doubtful accounts

$$650,000$

$40,000$

During $2022,$ the company had the following transactions related to recelvables.

Sales on account

Sales returns and allowances

Collections of accounts receivable

Write$-$offs of accounts recelvable deened uncollectible

Recovery of accounts previously written off as uncollectible

$$2,880000$

$56000$

$2,580000$

$43,000$

$15,000$

$(3)$

Prepare the joumal entries to record each of these five transactions Astunc, that no cashdiscounts were taken on the collections

No Account Titles and Explanation

Debit

Credit

$1.$

$2.$