April 5 prepared building plans for spangler construction company. sent spangler an invoice for $1,400 requesting payment within 30 days. (the appropriate revenue account is entitled drafting fees earned.) may 17 declared a cash dividend of $5,600. the dividend will not be paid until june 25. may 29 received a $2,200 bill from bob needham, cpa, for accounting services performed during may. payment is due by june 10. (the appropriate expense account is entitled professional expenses.) june 4 received full payment from spangler construction company for the invoice sent on april 5. june 10 paid bob needham, cpa, for the bill received on may 29. june 25 paid the cash dividend declared on may 17. a. prepare journal entries to record the transactions in the firm's accounting records

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 dollar 586.000 and the allowance account had a credit balance of dollar 50,000. accounts receivable activity for 2013 was as follows: the company's controller prepared the following aging summary of year-end accounts receivable: prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (if no entry is required for a particular event, select "no journal entry required" in the first account field.) prepare the necessary year-end adjusting entry for bad debt expense. (if no entry is required for an event, select "no journal entry required" in the first account field.) what is total bad debt expense for 2013? calculate the amount of accounts receivable that would appear in the 2013 balance sheet?