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 $2015,$ accounts receivable were $$574,000$ and the allowance account had a credit balance of $$54,000.$ Accounts receivable activity for $2016$ was as follows:The company's controller prepared the following aging summary of year$-$end accounts receivable:Beginning balance$ $574,000$Credit sales$2,620,000$Collections$(2,483,000)$Write$-$offs$(68,000)$Ending balance$ $643,000$The company's controller prepared the following aging summary of year$-$end accounts receivable:Age Group$0-60$ days$61-90$ days$91-120$ daysOver $120$ daysTotalSummaryAmountPercent Uncollectible$$430,0004\%98,0001560,0002555,00040$$$643,0001-$ Prepare a summary journal entry to record the monthly bad debt accrual. Prepare a summary journal entry to record the monthly bad debt accrual.Time lefDebitChoose...CreditChoose..$\mathrm{.}2-$ Prepare a summary journal entry to record the write$-$offs during the year.DebitChoose...Credit Choose..$\mathrm{.}3-$ Prepare the necessary year$-$end adjusting entry for bad debt expense.Debit Choose...Credit Choose$1.2.$ What is total bad debt expense for $2016?3.$ How would accounts receivable appear in the $2016$ balance sheet?Less:ChooseAccounts Receivable$4$Choose...