July 1 Slinky established a petty cash fund for $400. 3 Slinky purchased 50 units of inventory from a supplier on credit. The goods cost $40 each and the credit terms were 5/10, 11/30. The shipping costs, paid in cash by Slinky, were S 100 under the terms FOB Shipping. Slinky received the inventory on July 3rd
4 Slinky returned 5 units of inventory from the July 3rd transaction to the supplier.
6 Slinky sold 15 of the units purchased on July 3rd for $55 each to customers for cash.
7 Slinky accepted a return of one unit of inventory from a July 6th customer for a cash refund.
11 Slinky paid the supplier for one-half of the inventory purchased on July Yd. Be sure to account for any returns and/or purchase discounts.
15 Slinky used $40 out of petty cash to pay for coffee meeting (coffee expense).
27 Slinky purchased 10 units of inventory from a supplier on credit. The goods cost $25 each and no credit terms were granted. The shipping costs were $50 under the terms FOB destination and Slinky received the inventory on November 2nd
30 Slinky paid the remaining balance owed to the supplier from the July 3rd transaction.
31 Slinky replenished petty cash.

Required:
Prepare Journal Entries for July

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?