Check my work 4. 4 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 3% 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 $574,000 and the allowance account had a credit balance of $54,000. Accounts receivable activity for 2021 was as follows: points Rock Beginning balance Credit sales Collections Write-offs Ending balance $ 574,000 2,620, eee (2,433,000) (68,000) $ 643,000 rences The company's controller prepared the following aging summary of year-end accounts receivable 4 Che Age Group 0-60 days 61-90 days 91-120 days Over 120 days Total Summary Percent Uncollectible 4% 15 25 40 Amount $430,eee 98,eee 60, eee 55, eee $643, eee 4 points Skoped eBook Required: 1. Prepare a summary journal entry to record the monthly bad debt accrual and the write-arts during the year, 2. Prepare the necessary year-end adjusting entry for bad debt expense 3-a. What is total bad debt expense for 20212 3-b. How would accounts receivable appear in the 2021 balance sheet? Paint References Complete this question by entering your answers in the tabs below. Regi Reg 2 Reg 3A Reg 38 How would accounts receivable appear in the 2011 4 Complete this question by entering your answers in the tabs below. 4 points Reg 1 Req 2 Req 3A Reg 3B Skipped Prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (If no entry is require transaction/event, select "No journal entry required" in the first account field.) View transaction list Print References Journal entry worksheet Record a summary entry to record the 2021 write-offs. ME G Hill 4. Complete this question by entering your answers in the tabs below. Reg 1 4 points Reg 2 Reg 3A Req 3B Skipped 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 field.) eBook View transaction list Print References Journal entry worksheet Ch 4. 3-b. How would accounts receivable appear in the 2021 balance sheet? Complete this question by entering your answers in the tabs below. 4 points Regi Reg 2 Swicoed Reg 3A Reg 3B eBook How would accounts receivable appear in the 2021 balance sheet? Balance Sheet(partial) Current assets Accounts receivable (net) Print References