The Accounts Receivable balance for Highland Company at December 31, 2023, was $24,000. During 2024. Highland eamed revenue of $455,000 on account and collected $321,000 on account. Highland wrote off $5,800 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 4% of accounts receivable. Read the requirements Requirement 1. Assume Highland had an unadjusted $2,500 credit balance in Allowance for Bad Debts at December 31 2024. Journalize Highland'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 Allowance for Bad Debts Requirement 2. Assume Highland had an unadjusted $1,800 debit balance in Allowance for Bad Debts at December 31, 2024. Journalize Highland'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 1 Requirements - X 1. Assume Highland had an unadjusted $2,500 credit balance in Allowance for Bad Debts at December 31, 2024. Journalize Highland's December 31, 2024 adjustment to record bad debts expense using the percent-of-receivables method. Assume Highland had an unadjusted $1,800 debit balance in Allowance for Bad Debts at December 31, 2024. Journalize Highland's December 31, 2024, adjustment to record bad debts expense using the percent-of-receivables method. 2. oose