Age Group Summary

Amount Percent Uncollectible

$060$ days $ $385,0004\%$

$6190$ days $92,00012$

$91120$ days $52,00022$

Over $120$ days $146,00033$

Total $ $675,000$

Required:

$1.$ Prepare a summary journal entry to record the monthly bad debt accrual and the write$-$offs during the year.

$2.$ Prepare the necessary year$-$end adjusting entry for bad debt expense.

$3-$a$.$ What is total bad debt expense for $2024?$

$3-$b$.$ How would accounts receivable appear in the $2024$ balance sheet?