ROSarena ACG2001: 665457, Clarke Fall 2020 CUSTOM Homework: Ch 9 Homework A - Graded Score: 3 of 10 pts 5 of 8 (5 complete) HW Score: SF9-7 (similar to) Assigned Media The Accounts Receivable balance for Clark Company at December 31, 2023, was $30,000. During 2024, Clark eamed revenue of $456,000 on account and collected $33 wrote off $6,100 receivables as uncollectible, Industry experience suggests that uncollectible accounts will amount to 4% of accounts receivable. Read the requirements Requirement 1. Assume Clark had an unadjusted $1,900 credit balance in Allowance for Bad Debts at December 31, 2024. Journalize Clark's December 31, 2024, adjum debts expenne 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 4,056 Allowance for Bod Debts 4056 Recorded bad debts expense for the period, Requirement 2. Assumo Clark had an unadjusted $1,800 debit balance in Alowance for Bad Debts at December 31, 2024. Joumalize Clark's December 31, 2024, ad expenso using the percent-of-receivables method (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Date Debit Credit Choose from an Theck Answer Clear All di parts showii Accounts Payable Anna Padable MacBook Air SF9-7 (similar to) Assigned Media Question Help The Accounts Receivable balance for Clark Company at December 31, 2023, was $30,000. During 2024, Clark named revenue of $450,000 on account and collected $331,000 on account wrote of $6,100 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 4% of nocounts receivable. Read the requirements Recorded bad debts expense for the period Requirement 2. Assume Clark had an unadjusted $1,800 debit balance in Allowance for Bad Debts at December 31, 2024. Joumalie Clark's December 31, 2024, dusment to record bed debte expenseuting the percent-of-receivables method. Record debits first, then credits. Select the explanation on the last line of the joumal entry table) Date Accounts and Explanation Credit Dec. 31 Dubit Accounts Payable Accounts Receivable Allowance for Bad Debits Tiad Det Expense Cash Choose from an Sales Revenue All parts showing neck Answer Clear A Che Awe MacBook Air * Fe $ 4 % 5 8 7 * 8 9 6 0 2 3 U O Y T Q E R W H J K L G S A F D