The Accounts Receivable balance for Southside, Inc. at December 31, 2023, was $29,000. During 2024, Southside earned revenue of $450,000 on account and collected $329,000 on account. Southside wrote off $6,000 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 4% of accounts receivable Read the requirements Requirement 1. Assume Southside had an unadjusted $1,000 credit balance in Allowance for Bad Debts at December 31, 2024. Journalite Southside's December 31, 2024 adjustment to record bad debts expense using the percent-of-receivables mothod. (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