The Accounts Receivable balance for Lakeside, Inc at December $31,2024,$ was $$30,000.$ During $2025,$ Lakeside, Inc. earned revenue of $$452,000$ on account and collected $$323,000$ on account. Lakeside, Inc. wrote off $$5,800$ receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to $2\%$ of accounts receivable.

Read the requirements.

Requirement $1.$ Assume Lakeside, Inc. had an unadjusted $$1,900$ credit balance in Allowance for Bad Debts at December $31,2025.$ Journalize Lakeside, Inc $\text{'}$s December $31,2025,$ 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.$)$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Dec$.31,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

Requirements

Assume Lakeside, Inc. had an unadjusted $$1,900$ credit balance in Allowance for Bad Debts at December $31,2025.$ Journalize Lakeside, Inc.$\text{'}$s December $31,2025,$ adjustment to record bad debts expense using the percent$-$of$-$receivables method.

Assume Lakeside, Inc. had an unadjusted $$1,500$ debit balance in Allowance for Bad Debts at December $31,2025$ Journalize Lakeside, Inc.$\text{'}$s December $31,2025,$ adjustment to record bad debts expense using the percent$-$of$-$receivables method.