On December 31, 2017, Gold, Inc. Accounts Receivable balance was $27,000. In 2018, Gold generated $461,000 in revenue and raised $326,000 in the account. Gold wrote $6,400 receivables uncollectible. Industry experience shows that uncollectible accounts will amount to 2% of accounts receivable.

1. Assume that Gold has an unadjusted credit balance of $1,800 in Allowance for Doubtful Payables on December 31, 2018.

2. Assume that Gold has an unadjusted $1,500 debit balance in the Provision for Doubtful Payables at December 31, 2018. 

Record journal entries on  December 31, 2018 for bad debt expense using the percentage receivables method.