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The Accounts Receivable balance for Clark, Inc. at December 31, 2017, was $22,000. During 2018, Clark earned revenue of $461,000 on account and collected $330,000 on account. Clark wrote off $6,300 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 6% of accounts receivable Read the requirements. Requirement 1. Assume Clark had an unadjusted $1,800 credit balance in Allowance for Bad Debts at December 31, 2018. Journalize Clark'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 Bad Debts Expense 4500 Allowance for Bad Debts 4500 i Requirements Recorded bad debts expense for the period. Assume Clark had an unadjusted $1,800 credit balance in Allowance for Bad Debts at December 31, 2018. Journalize Clark's December 31, 2018, adjustment to record bad debts expense using the percent-of-receivables method. Assume Clark had an unadjusted $1,500 debit balance in Allowance for Bad Debts at December 31, 2018. Journalize Clark's December 31, 2018, adjustment to record bad debts expense using the percent-of-receivables method. 2. Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 1 part I remaining Clear All Check