Required: 1- Prepare a summaryjournal entry to record the monthly bad debt accrual and the writeoffs during the year. 1 Prepare the necessary yearend adjusting entry for bad debt expense. 3-3. What is total bad debt expense for 2021? 3-b. How would accounts receivable appear 'In the 2021 balance sheet? 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 fiscal yearend of December 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. At the end of 2020, accounts receivable were 5590.000 and the allowance account had a credit balance of $54,000. Accounts receivable activity for 2021 was as follows: Beginning balance $ 598,336 Credit sales. 2,?66,BBB Collections (2,553,863) Writeoffs 47,830; Ending balance $ 533.333 The company's controller prepared the following aging summary of year-end accounts receivable: Surnar'y Age Group Amount Percent Ul'il: ollectible 963 days $413,966 5 96 5193 day's 97,963 11 91-129 days 5?,533 2? Over 126 days 116,968 33 Total 355331933