The Accounts Receivable balance for North$,$ Inc. at December$31,2023,$ was $$23,000.$ During $2024,$ North earned revenue of $$462,000$ on account and collected $$322,000$ on account. North wrote off $$6,300$ receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to $4\%$ of accounts receivable.

Read the requirements.

expense using the percent$-$of$-$receivables method. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

expense using the percent$-$of$-$receivables method. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

Requirements

Assume North had an unadjusted $$2,100$ credit balance in Allowance for Bad

Debts at December $31,2024.$ Journalize North's December $31,2024,$

adjustment to record bad debts expense using the percent$-$of$-$receivables

method.

Assume North had an unadjusted $$1,400$ debit balance in Allowance for Bad

Debts at December $31,2024.$ Journalize North's December $31,2024,$

adjustment to record bad debts expense using the percent$-$of$-$receivables

method.