The Accounts Receivable balance for Clark Company at December 31, 2023, was $26,000. During 2024, Clark earned revenue of $462,000 on account and collected $322,000 on account. Clark wrote off $5,400 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 3% of accounts receivable. Read the requirements . Requirement 1. Assume Clark had an unadjusted $2,500 credit balance in Allowance for Bad Debts at December 31, 2024. Journalize Clark'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 Accounts and Explanation Debit Credit Dec. 31 - X Requirements 1. Assume Clark had an unadjusted $2,500 credit balance in Allowance for Bad Debts at December 31, 2024. Journalize Clark's December 31, 2024, adjustment to record bad debts expense using the percent-of-receivables method. Assume Clark had an unadjusted $2,300 debit balance in Allowance for Bad Debts at December 31, 2024. Journalize Clark's December 31, 2024, adjustment to record bad debts expense using the percent-of-receivables method. 2