just part 1 where it is wrong

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 $578,000 and the allowance account had a credit balance of $42,000. Accounts receivable activity for 2021 was as follows: Beginning balance $ 578,080 Credit sales 2, 640,080 Collections (2, 503,080) Write-offs (41,800) Ending balance $ 674,080 The company's controller prepared the following aging summary of year-end accounts receivable: Summary Age Group Amount Percent Uncollectible 0-60 days $380, 000 5% 61-90 days 100,080 11 91-120 days 51, 000 21 over 120 days 143, 080 32 Total $674,000 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?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. 3-6. What Is total bad debt expense for 2021? 3-b. How would accounts receivable appear In the 2021 balance sheet? x Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Reg 3A Reg 38 Prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Event General Journal Debit Credit 1 Bad debt expense 79,200 Allowance for uncollectible accounts 79,200 2 2 Allowance for uncollectible accounts 6,500 x Accounts receivable 6,500 (x