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iwathmore Clothing Corporation grants its customers 30 days' credit. The company uses the allowance method for its uncollectible iccounts recelvable. During the yeat, a monthly bad debt accrual is made by multiplying 2% times the amount of credit sales for the nonth. At the fiscal year-end of December 31, an aging of accounts recewable schedule is prepared and the allowance for incollectible accounts is adjusted accordingly. At the end of 2023 , accounts receivable were $608,000 and the allowance account had a credit balance of $72,000 Accounts eceivable activity for 2024 was as follows. The company's controller prepared the following aging summary of year-end accounts receivable: Required: 1. Prepare o summary joumal entry to record the monthly bad debt accruat 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 2024 ? 3.b. How would accounts recelvable appear in the 2024 balance sheet? Complete this question by entering your answers in the tabs below. Prepare a summary journal entry to record the monthly bad debt aconal and the write offs duning the year. Note: if no entry is required for a transaction/event, select "No journat entry required" in the first account field. Journal entry worksheet 2 Record a summary entry to record the monthly tad debt accrual. Note: Enter detins before credits

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