The Accounts Receivable balance for Southside Company at December 31, 2023, was $24,000. During 2024, Southside earned revenue of $453,000 on account and collected $324,000 on account. Southside wrote off $5,700 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 2% of accounts receivable, Read the requirements Requirement 1. Assume Southside had an unadjusted $1,900 credit balance in Allowance for Bad Debts at December 31, 2024. Journalize Southside'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 Bad Debts Expense Allowance for Bad Debts Recorded bad debts expense for the period. Requirement 2. Assume Southside had an unadjusted $1,600 debit balance in Allowance for Bad Debts at December 31, 2024 Journalize Southside'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.) Accounts and Explanation Debit Credit Dec. 31 Accounts Receivable Date