The Accounts Receivable balance for Clark Company at December 31, 2023, was $28,000. During 2024, Clark earned revenue of $457,000 on account and collected $328.000 on account Clark wrote off $0.300 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 2% of accounts receivable Read the requirements Requirement 1. Assume Clark had an unadjusted $2,300 credit balance in Allowance for Bad Debts at December 31, 2024 Joumalize Clark's December 31, 2024, adjustment to record bad debts expense using the percent-of-receivables method. (Recond debits first, then credits. Select the explanation on the last line of the joumal entry table) Date Dec 31 Accounts and Explanation Debit Credit Requirement 2. Assume Clark had an unadjusted $2,200 debit balance in Allowance for Bad Debts at December 31, 2024, Joumalize Clark's December 31, 2024, adjustment to record bad debts expense using the percent-of-receivables method. (Record debits first, then credes Select the explanation on the last line of the journal entry table) Date Dec 31 Accounts and Explanation Debit Credit