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S8-7 (similar to) Question Help The Accounts Receivable balance for North, Inc. at December 31, 2017, was $29,000. During 2018, North earned revenue of $458,000 on account and collected $331,000 on account. North wrote off $6,300 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 3% of accounts receivable. Read the requirements. Requirement 1. Assume North had an unadjusted $2,800 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 last line of the journal entry table.) Date Accounts and Explanation Debit Credit Dec. 31 Requirements . X 1. Assume North had an unadjusted $2,800 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. 2. Assume North had an unadjusted $1,400 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 Choose from any list or enter any number in the input fields and then click Check Answer. ? 1 part remaining Clear All Check