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 iscal 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 2012, accounts receivable were $574,000 and the allowance account had a credit balance of $54,000. Accounts receivable activity for 2 013 was as follows: 574.000 2.620,000 2.483,000) Credit sales Write-offs Ending balance S 643,000 The company's controller prepared the following aging summary of year- end accounts receivable: Amount $430,000 Percent 0-60 days 61-90 days Over 120 days $643,000 Required: )Prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (Omit the "$" sign in your General Journal Credt Monthly bad debt expense accrual summary Bad debt expense o 78,600 Allowance for uncollectible accounts o To record year 2013 accounts receivable write- Allowance for uncollectible accounts o 78,600 offs 68,000 Accounts receivable 68.000 What is total bad debt expense for 2013? Prepare the necessary year- end adjusting entry for bad debt expense. (Omit the " sign in your response.) Credit Bad debt expense 4.300 0 Allowance for uncollectible accounts o How would accounts receivable appear in the 2013 statement of financial position? (Omit the "$" sign in your response.) Balance sheet Current assets: 574,100