Answer:
Dr Allowance $13,500
Cr Accounts Recivable $13,500
Dr Accounts Recivable $3,500
Cr Allow ance $3,500
Dr Cash $3,500
Cr Accounts Rec $3,500
Dr Bad Debts Expense $21,900
Cr Allowance $21,900
Explanation:
Preparation of the journal entries to record the 2019 transactions of Concord Corporation Company
Dr Allowance $13,500
Cr Accounts Recivable $13,500
(To record amount written off)
Dr Accounts Recivable $3,500
Cr Allow ance $3,500
(To reverse write-off)
Dr Cash $3,500
Cr Accounts Rec $3,500
(To record collection of writeoff)
Dr Bad Debts Expense $21,900
Cr Allowance $21,900
[$30,700-($18,800-$13,500+$3,500)]
