Pilgrim Company at December 31, 2023, was $25,000. During 2024, Pilgrim earned revenue of $462,000 on uncollectible. Industry experience suggests that uncollectible accounts will amount to 2% of accounts receiv i Requirements nu ceiv ourt 1. 2. bts Assume Pilgrim had an unadjusted $2,600 credit balance in Allowance for Bad Debts at December 31, 2024. Joumalize Pilgrim's December 31, 2024, adjustment to record bad debts expense using the percent-of-receivables method. Assume Pilgrim had an unadjusted $2,200 debit balance in Allowance for Bad Debts at December 31, 2024. Journalize Pilgrim's December 31, 2024, adjustment to record bad debts expense using the percent-of-receivables method. X m's D entry an U Print Done n's De ceivables method. (Record debits first, then credits. Select the explanation on the last line of the journal entry t counts and Explanation Debit Credit amber in the input fields and then continue to the next question. The Accounts Receivable balance for Pilgrim Company at December 31, 2023, was $25,000. During 2024, Pilgrim eamed revenue of $462,000 on account and collected $323,000 on account Pilgrim wrote off $5,500 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 2% of accounts receivable. Read the requirements. Requirement 1. Assume Pilgrim had an unadjusted $2,600 credit balance in Allowance for Bad Debts at December 31, 2024, Joumalize Pilgrim's December 31, 2024, 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 Dec. 31 Accounts and Explanation Accounts Payable Accounts Receivable Allowance for Bad Debts Debit Credit Requirement 2. Cash debts expense u Sales Revenue Date Accounts and Explanation rance for Bad Debts at December 31, 2024. Journalize Pilgrim's December 31, 2024, adjustment to recond bad credits. Select the explanation on the last line of the journal entry table) Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. Bad Debts Expense www A # 2 3 4 65 $ % 85 5 A Macic & 6 7 8 W E R T Y S D O a F G H J K L 13 Requirement 2. Assume Pilgrim had an unadjusted $2,200 debit balance in Allowance for Bad Debts at December 31, 2024. Journalize Pilgrim's December 31, 2024, 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 Dec. 31 Accounts and Explanation Debit Credit Accounts Payable Accounts Receivable Allowance for Bad Debts Bad Debts Expense Cash Choose from an Sales Revenue 0 A 2 N W S 01 3 LLE e to the next question MacBodice 54 $ % A 5 6 37 & R T Y D F G H 0 B - - P K X C V B N M V 1