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 296 timeG the amount of credit sales for the month. At the fiscal year-end of December 31, an aging of accounts recelvable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly At the end of 2017, accounts recelvable were $610,000 and the allowance account had a credit balance of $74,000. Accounts recelvable activity for 2018 was as follows: Beginning balance $ 618,888 2,8e8,8ee (2,663,80e) (57,888) $698,800 Credit sales Write-off: Ending balance The company's controller prepared the following aging summary of year-end accounts recelvable: Age Group 8-60 days 61-9 days 91-128 days Over 128 days $458,e80 78,900 57.800 35,8e0 $698,80 4% 15 26 41 Total 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 2018? 3-b. How would accounts recelvable appear In the 2018 balance sheet? Complete this question by entering your answers in the tabs below. Rea 1 Req 2 Req 34 Req 3B Prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) new transaction lst Journal entry worksheet Record a summary entry to record the monthly bad debt accrual Note: Enter debits before credi