I just need help with Req2-Req 3B

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 $592,000 and the allowance account had a credit balance of $56,000. Accounts receivable activity for 2021 was as follows: Beginning balance Credit sales Collections Write-offs Ending balance $ 592,000 2,710,000 (2,573,000) (48,000) $ 681,800 The company's controller prepared the following aging summary of year-end accounts receivable: Percent Uncollectible Age Group 8-60 days 61-90 days 91-120 days Over 120 days Total Amount $415,000 98,089 58,000 110,800 $681,000 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 2021? 3.b. How would accounts receivable appear in the 2021 balance sheet? Journal entry worksheet Record the year-end adjusting entry for bad debt expense. Note: Enter debits before credits. . Event Debit Credit General Journal Bad debt expense Allowance for uncollectible accounts AL LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL View general journal Clear entry Record entry Req3A > Seved 4% 0-60 days 61-90 days 91-120 days Over 120 days Total $415,000 98,000 58,000 110,000 $681,000 28 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 2021? 3-b. How would accounts receivable appear in the 2021 balance sheet? Complete this question by entering your answers in the tabs below. Req 3A Reg 2 Req 1 Req 3B What is total bad debt expense for 2021? s 87,500 Bad debt expense Req3B >