The Accounts Receivable balance for Lakeside, Inc. at December 31, 2017, was $27,000. During 2018, Lakeside earned revenue of $452,000 on account and collected $321,000 on account. Lakeside wrote off $6,300 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 3% of accounts receivable. Read the requirements. Requirement 1. Assume Lakeside had an unadjusted $2,200 credit balance in Allowance for Bad Debts at December 31, 2018. Journalize Lakeside'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 Accounts and Explanation Debit Credit Dec. 31 X Requirements 1. Assume Lakeside had an unadjusted $2,200 credit balance in Allowance for Bad Debts at December 31, 2018. Journalize Lakeside's December 31, 2018, adjustment to record bad debts expense using the percent-of-receivables method. Assume Lakeside had an unadjusted $1,700 debit balance in Allowance for Bad Debts at December 31, 2018. Journalize Lakeside's December 31, 2018, adjustment to record bad debts expense using the percent-of-receivables method. 2