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3G.II 8:11 16:55 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 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 2012, accounts receivable were $574,000 and the allowance account had a credit balance of $54,000. Accounts receivable activity for 2013 was as follows Begining bolance $574,0o Credit sales Collections 2620,000 8020) S 643,0a Ending The company's controller prepared the following aging summary of year-end accounts receivable Summary Age Group mount S 410 Cad. 51-90 day 91-121 ay 15 5500 $613,00 Required yuar Omit theS"sign in your response.) Monthiy bad deb: expense eocruel summary To recond year 2013 accounts recevatle wrte offs. expenae. fOmlt the 'sign In your response.) Guneral aurial llck to sele 3) How wuld aocurnts reccivable app 2013 slalril af linancial positio? (Omit the '$ sign in your response Current assets ccounts recevable Worksheet Lctarning Objacliv: 0705 Laig Objectiv:07-06 Dscriba tha ci Dascriba the accontirn treatment of uncollectible accounts receivable bad debls are racagrized

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