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 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 2017, accounts receivable were $614,000 and the allowance account had a credit balance of $78,000. Accounts receivable activity for 2018 was as follows:

beginning balance	$614,000
credit sales	2,820,000
collections	(2,683,000)
write-offs	(59,000)
ending balance	$692,000)

The companys controller prepared the following aging summary of year-end accounts receivable:

age group	amount	percent uncollectible
0-60 days	$470,000	5%
61-90 days	82,000	11%
91-120 days	69,000	28%
over 120 days	71,000	36%
total	$692,000

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 receivable appear in the 2018 balance sheet?