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 ts 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 $598,000 and the allowance account had a credit balance of 562.000 Accounts receivable activity for 2021 was as follows Beginning balance Credit Sales Collections write-offs Ending balance 5 598,000 2,740,000 (2,603, een K51.000) $ 684,000 The company's controller prepared the following aging summary of year-end accounts receivable Age Group 8-60 days 61-90 days 91-120 days Over 120 days Total Amount 5430,000 92, cee 610 101, 5686,000 Summary Percent Uncollectible ** 15 20 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. 3.6. What is total bad debt expense for 2021? 3.b. How would accounts recevable appear in the 2021 balance sheet? Nyt Journal entry worksheet 1 2 Record a summary entry to record the monthly bad debt accrual. Note: Enter debits before credits Debit Credit Event General Journal 1 Bad debt expense Allowance for uncollectible accounts Record entry Clear entry View general journal Journal entry worksheet 1 2 The Record a summary entry to record the 2021 write-offs. Note: Enter debits before credits. Debit Credit Event 2 General Journal Allowance for uncollectible accounts Accounts receivable View general journal Clear entry Record entry Prepare the necessary year-end adjusting entry for bad debt expense. (If no entry is required for a transaction entry required" in the first account field.) View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req Req 3B How would accounts receivable appear in the 2021 balance sheet? Balance Sheet (partial) Current assets: Accounts receivable (net)