counts Receivable balance for North, Inc. at December 31, 2017, was $26.000. During 2018. North earned revenue of S455,000 on account and collected $331,000 on account. North wrote off $5.400 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 2% unts receivable the requirements ement 1. Assume North had an unadjusted $2,300 credit balance in Allowance for Bad Debts at December 31, 2018. Journalize North's December 31, 2018, adjustment to record bad debts expense using the percent-of-receivables method. (Record debits first, then credits. Select the explanation on the e of the journal entry table.) ate Accounts and Explanation Debit Credit 31 Bad Debts Expense - X 0 Requirements Allowance for Bad Debts 1. Recorded bad debts expense for the period. V Assume North had an unadjusted $2,300 credit balance in Allowance for Bad Debts at December 31, 2018. Journalize North's December 31, 2018, adjustment to record bad debts expense using the percent-of-receivables method. Assume North had an unadjusted $2.100 debit balance in Allowance for Bad Debts at December 31, 2018. Journalize North's December 31, 2018, adjustment to record bad debts expense using the percent-of-receivables method. Print Done