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For question 7 there is a and b. for b please prepare the adjusting entry at march 31, 2022, to record bad debt expense.

The following are two independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) On January 6, Concord Co. sells merchandise on account to Pryor Inc. for $7,700, terms 2/10, n/30. On January 16, Pryor Inc. pays the amount due. Prepare the entries on Concord's books to record the sale and related collection. (Omit cost of goods sold entries.) (b) On January 10, Andrew Farley uses his Skysong Co. credit card to purchase merchandise from Skysong Co. for $9,100. On February 10 . Farley is billed for the amount due of $9,100. On February 12 , Farley pays $4,600 on the balance due. On March 10, Farley is billed for the amount due, including interest at 1% per month on the unpaid balance as of February 12. Prepare the entries on Skysong Co.'s books related to the transactions that occurred on January 10, February 12, and March 10. (Omit cost of goods sold entries.) Sheridan Company has accounts receivable of $87,400 at March 31,2022 . Credit terms are 2/10,n/30. At March 31,2022 , there is a $2,244 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of uncollectibles are as shown below. (a) Determine the total estimated uncollectibles at March 31, 2022. The total estimated uncollectibles eTextbook and Media

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