The Accounts Receivable balance for Highland, Inc. at December 31, 2017, was $28,000. During 2018, Highland eamed revenue of $457,000 on account and collected $322,000 on account. Highland wrote off $5,700 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 4% accounts receivable. Read the requirements. Requirement 1. Assume Highland had an unadjusted $2,300 credit balance in Allowance for Bad Debts at December 31, 2018. Journalize Highland'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 joumal entry table.) Accounts and Explanation Date Debit Credit Bad Debts Expense 3: Dec. Requirements Allowance for Bad Debts Assume Highland had an unadjusted $2,300 credit balance in Allowance for Bad 1. Recorded bad debts expense for the period. adjustment to record bad debts expense using the percent-of-receivables method 2. Assume Highland had an unadjusted $1,900 debit balance in Allowance for Bad Debts adjustment to record bad debts expense using the percent-of-receivables method. December 31, 2018. Joumalize Highland's December 31, 2018, Print Done