Save Homework: Chapter 8 Homework Score: 0 of 1 pt + 12 of 20 (13 complete) X 58-7 (similar to) HW Score: 54.43%, 10.89 of 20 pts Question Help The Accounts Receivable balance for Lakeside, Inc. at December 31, 2017, was $30.000. During 2018. Lakeside earned revenue of $452,000 on account and collected $324,000 on account. Lakeside wrote off $6,000 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 6% of accounts receivable Read the requirements Requirement 1. Assume Lakeside had an unadjusted $2,600 credit balance in Allowance for Bad Debts at December 31, 2018. Journalize Lakeside'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 0 Requirements 1. Assume Lakeside had an unadjusted $2,600 credit balance in Allowance for Bad Debts at December 31, 2018. Journalize Lakeside's December 31, 2018, adjustment to record bad debts expense using the percent-of-receivables method. Assume Lakeside had an unadjusted $2,200 debit balance in Allowance for Bad Debts at December 31, 2018. Journalize Lakeside's December 31, 2018, adjustment to record bad debts expense using the percent-of-receivables method. Choose from any list or end Print Dono 7 part remaining Clear Al Check