The Accounts Receivable balance for Southside, Inc. at December 31, 2017, was $29,000. During 2018, Southside earned revenue of $460,000 on account and collected $330,000 on account. Southside wrote off $6,100 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 $2,400 credit balance in Allowance for Bad Debts at December 31, 2018. Journalize Southside'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 i Requirements Dec. 31 1. Assume Southside had an unadjusted $2,400 credit balance in Allowance for Bad Debts at December 31, 2018. Journalize Southside's December 31, 2018, adjustment to record bad debts expense using the percent-of-receivables method. Assume Southside had an unadjusted $1,500 debit balance in Allowance for Bad Debts at December 31, 2018. Journalize Southside's December 31, 2018, adjustment to record bad debts expense using the percent-of-receivables method. 2. Print Print Done Done Choose from any list or enter any number in the input fields and then click Check Answer. part remaining Clear All Check