The following Trial Balance was extracted from the books of D. Sampras a sole trader on March 31, 2016, the end of her financial year.
Trial Balance as at March 31, 2016
Details/Accounts
s
S
Machinery
8,000,000
Provision for depreciation on machinery
2,000,000
Bad debt
150,000
Cash at bank
7,000,000
Stock, Apr 1, 2015
8,000,000
Salaries
6,000,000
Carriage inwards
300,000
Purchases
30,500,000
Returns Inwards
500,000
Returns Outwards
500,000
Provision for bad debt
320,000
Drawings
570,000
Stationery
250,000
Cash in hand
700,000
Motor vehicles
8,000,000
Office furniture
2,800,000
Debtors
6,500,000
Creditors
5,300,000
Capital
16,450,000
Discounts Allowed
450,000
Discounts received
380,000
Commission expense paid
1,000,000
Commission income received
300,000
Interest
450,000
Sales
55,500,000
Insurance
480,000
82,100,000 82,100,000
Notes:
(1) Stocks on March 31, 2016 were valued at $3,750,000.
(i) Depreciation is to be charged as follows: Motor vehicles 10% straight line; office
furniture 10% on cost; Machinery 5% on the reducing balance method.
(iii) $50,000 was for insurance expenses relating to on April 2016.
(iv) Reduce the provision by bad debt to 4% of debtors

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?