At the end of 2012, accounts receivablewere $606,000 and the allowance account had a credit balance of$70,000. Accounts receivable activity for 2013 was as follows: | Beginning balance | $ | 606,000 | | Credit sales | | 2,780,000 | | Collections | | (2,643,000 | ) | Write-offs | | (55,000 | ) | | | | | Ending balance | $ | 688,000 | | The companyâscontroller prepared the following aging summary of year-endaccounts receivable: | | Summary | | | AgeGroup | Amount | Percent Uncollectible | 0â60days | $ | 450,000 | | | 3 | % | 61â90 days | | 74,000 | | | 13 | | 91â120 days | | 65,000 | | | 24 | | Over120 days | | 99,000 | | | 39 | | | | | | | | | Total | $ | 688,000 | | | 1. | Prepare a summary journal entry to record the monthly bad debtaccrual and the write-offs during the year. (If no entry isrequired for a particular event, select "No journal entry required"in the first account field.) 1. Record monthly bad debt expense accrual summary. 2. Record year 2013 accounts receivable write-offs. 2. | Prepare the necessary year-end adjusting entry for bad debtexpense. (If no entry is required for an event, select "Nojournal entry required" in the first account field.) Record the year-end adjusting entry for bad debt expense | | 3.1 | What is thetotal bad debt expense for 2013 | | | 3.2 | Calculate theamount of accounts receivable that would appear in the 2013 balancesheet? | | | | | |