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The Accounts Receivable balance for Southside, Inc at December 31, 2017, was $25,000. During 2018, Southside earned revenue of 5462,000 on account and collected $329,000 on account Southside wrote off $6,400 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 4% of accounts receivable Read the requirements Requirement 1. Assume Southside had an unadjusted $2,000 credit balance in Allowance for Bad Debts at December 31, 2018. Journalize Southside's December 31 2018, adjustment to record bad debts expense using the percent of receivables mothod (Record debits first, then credits Select the explanation on the last line of the journal entry table Check your spelling carefully and do not abbreviate) Date Accounts and Explanation Debit Dec 31 Bad debl expense 3.664 Allowance for bad debts 3,664 Credit Recorded bad debts expense for the period Requirement 2. Assume Southside had an unadjusted $1.400 debit balance in Allowance for Bad Debts at December 31 2018 Joumalize Southside'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 Check your spelling carefully and do not abbreviate) Read the resultements MULUTUU VIVES .ee 2.00 Recorded bad debts expense for the period. Requirement 2. Assume Southside had an unadjusted $1,400 debit balance in Allowance for Bad Debts at December 31, 2018. Journalize Southside'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 Check your spelling carefully and do not abbreviate) Accounts and Explanation Credit Date Debit Dec 31