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 $612,000 and the allowance account had a credit balance of $76,000. accounts receivable activity for 2018 was as follows: beginning balance $ 612,000 credit sales 2,810,000 collections (2,673,000 ) write-offs (58,000 ) ending balance $ 691,000 the company’s controller prepared the following aging summary of year-end accounts receivable: summary age group amount percent uncollectible 0–60 days $ 465,000 5 % 61–90 days 80,000 10 91–120 days 68,000 27 over 120 days 78,000 35 total $ 691,000 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?