Bad Debt Expense: Aging Method Glencoe Supply had the following accounts receivable aging schedule at the end of a recent vear. The balance in Glencoe's allowance for doubtful accounts at the beginning of the year was $58,620 (credt). During the yea, accounts in the total amount of $62,400 were writeen off. Required: 1. Determine bad debt expense. 2. Prepare the joumal entry to recard bad debt expense. If an amount box does not require an entr, leave it blank: 3. If Glencoe had written off $90,000 of receivables as uncollect ble during the year, how much would bad debt expense reported on the incame statement have changed