Login Page-Walden Seurit UTC Lean Student ResouroChopter 7 HW a htps/ Saved HW You received partial credit in the previous attemp ts its customers 30 days' credit The company uses the allowance method for its uncollectible he amount of credit sales for the the al Swathmore Clothing Corporation grant accounts receivable During the year, a monthly bad debt accrual is made by mStiprying 2% times t month. At the fiscal year-end of December 31, an aging of accounts r uncollectible accounts is adjusted accordingly At the end of 2017, accounts recewable were $584,000 and the allowance account had a credit boiance of $48,000 Accounts recetvable activity for 2018 was as follows Beginning balance 584,889 2,678,880 (2,533,00a) Credit sales Collections Write-offs(44,08a) Ending balance 677,eea The company's controller prepated the following aging summary of year -end accounts recevable AnountPercent Uncollectible Age Group e-60 days 61-98 days 91-128 days Over $395,00a 94,a0 54,009 days134,808 $677,we 128 Total Required: t Prepare a summary journal entry to record the monthly bad dett accrual and the write-offs during the yea 2. Prepare the necessaty year-end adjusting entry for bad debt expense 3-6. What is total bad delbt expenise for 2018? 3-b. How would accounts receivable appear in the 2018 balance sheet Complete this question by entering your answers in the talbs below Prev 10f Next >