The Accounts Receivable balance for Clark, Inc. at December 31,2023 , was $25,000. During 2024 , Clark earned revenue of $462,000 on account and collected $330,000 on account. Clark wrote off $6,200 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 4% of accounts receivable. Read the requirements. Requirement 1. Assume Clark had an unadjusted $2,800 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.) 1. Assume Clark had an unadjusted $2,800 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. 2. Assume Clark had an unadjusted $2,000 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