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 2017 accounts receivable were $574,000 and the allowance account had a credit balance of $54,000. Accounts receivable activity for 2018 was as follows: book 5 Beginning balan Credit sales 574, eee 2,020.ee (2.483. 8) Write-offs Ending balance $ 643, The company's controller prepared the following aging summary of year-end accounts receivable Are Group 65-90 days 91-120 day Over 12 days Total Required: 1. Prepare e Summary Journal entry to record the monthly bad debt accrual and the write-offs during the vean 2. Prepare the necessary year-end adjusting entry for bad debit expense 3-6. What is total bad debt expense for 2018? 3-b. How would accounts receivable appear in the 2018 balance sheet? Complete this question by entering your answers in the tabs below. nog 2 Regia Req3 How would accounts receivable appear in the 2018 balance sheet Balance Sheet Ipartial) Accounts receivable et $74.100 Regal