Concord, Inc. had net sales in 2017 of $1,430,300. At December 31, 2017, before adjusting entries, the balances in selected accounts were Accounts Receivable $239,200 debit, and Allowance for Doubtful Accounts $1,903 debit. Assume that 11% of accounts receivable will prove to be uncollectible.
Prepare the entry to record bad debt expense. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)