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30 days' credit. The company uses the 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 $608,000 and the allowance account had a credit balance of $72,000. Accounts receivable activity for 2018 was as follows: $ 608,000 2,790,000 Credit sales (36, 000) 689, 000 Write-offs Ending balance The company's controller prepared the following aging summary of year-end accounts receivable $455,000 76,000 66,000 14 25 40 91-120 days Over 120 days Total $689,000 Required: 1. Prepare a summary journal entry to record the monthly bad debt accrual and the write -offis during the year 2. Prepare the neces 3-a. What is total bad debt expense for 2018? 3-b. How would accounts receivable appear in the 2018 balance sheet? during the year Complete this question by entering your answers in the tabs below Prev 3 of 5 Next > MacBook Ai