The Accounts Receivable balance for Clark, Inc. at December 31, 2017, was $29,000. During 2018, Clark earned revenue of $453,000 on account and collected $321,000 on account. Clark wrote off $5,500 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 $1,900 credit balance in Allowance for Bad Debts at December 31, 2018. Journalize Clark'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 Dec. 31 Accounts and Explanation Debit Credit Requirement 2. Assume Clark had an unadjusted $1,500 debit balance in Allowance for Bad Debts at December 31, 2018. Journalize Clark'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 Dec. 31 Accounts and Explanation Debit Credit