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please show all calculations for each step, all one question!!! Check my work Swathmore Clothing Corporation grants its customers 30 days' credit. The company uses

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Check my work 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 $584,000 and the allowance account had a credit balance of $48.000. Accounts receivable activity for 2021 was as follows: Beginning balance Credit sales Collections Write-offs Ending balance $ 584, eee 2,670, eee (2,533,000) (44,eee) $ 677,000 The company's controller prepared the following aging summary of year-end accounts receivable: Summary Percent Uncollectible 55 Age Group 0-68 days 51-90 days 91-120 days Over 12e days Amount $395,000 94,000 54,000 134,000 14 24 35 Help Beginning balance Credit sales Collections Write-offs Ending balance $ 584,000 2,670,000 (2,533,000) ( 44 , ) $ 677, eee The company's controller prepared the following aging summary of year-end accounts receivable: Age Group 0-60 days 61-90 days 91-120 days Over 120 days Total Amount $395, eee 94,000 54, eee 134,000 5677,000 Summary Percent Uncollectible 5% 14 24 35 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? 3-5. How would accounts receivable appear in the 2021 balance sheet? Check my wo Reg 1 Reg 2 Reg 3A Reg 38 Prepare the necessary year-end adjusting entry for bad debt expense. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 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. Req1 Reg 2 Req 3A Reg 3B How would accounts receivable appear in the 2021 balance sheet? Balance Sheet (partial) Current assets: Accounts receivable (net)

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