2 Swathmore Clothing Corporation grants its customers 30 days credit. The company uses the allowance method for its uncollectible accounts receivable. During the year, a monthly bad debt accrual is made by multiplying 2 times the amount of credit sales for the month. At the fiscal year-end of December 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly At the end of 2020, accounts receivable were $606,000 and the allowance account had a credit balance of $70.000 Accounts receivable activity for 2021 was as follows: Beginning balance Credit sales Collections write-otto Ending balance # 106,000 2.780,000 12.543,0001 155.000 5 68,000 Phim reces The company's controller prepared the following aging summary of year and accounts receivable A Group 0-60 day 61-0 days 91-120 days Over 120 days Tural Staty Kent Perot uncolinct him 5450,000 74,00 65,00 24 09.000 39 3631.000 Required: 1. Prepare a summary journal entry to record the monthly bad debt crual and the write-off during the year 2. Prepare the necessary year and adjusting entry for bad debt expense. 3-a. What is total bad debt expense for 20217 3-b. How would accounts receivable appear in the 2021 balance sheet? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3A Reg 38 Prepare the necessary year-end adjusting entry for bad debt expense. (If no entry is required for a transaction/event, select entry required in the first account held.) View transaction list View journal entry worksheet T NO Event General Journal Dehlt Credit 1 1 Bad debt expense Allowance for uncollectible accounts 3-a. What is total bad debt expense for 2021? 3-b. How would accounts receivable appear in the 2021 balance sheet? aces Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg Reg 3B What is total bad debt expense for 2021? Bad debt expense Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req 3A Reg 3B How would accounts receivable appear in the 2021]balance sheet? Balance Sheet (partial) Current assets: Accounts receivable (net)