The Accounts Receivable balance for Southside, Inca December 31, 2017, was $22,000. During 2018, Southside camned revenue of $450,000 on account and collected $323,000 on account Southside wrote off $5,000 civables as uncolectitle Industry experience suggests that collectible accounts will amount to 4% of counts receivable Read the womens Requirement 1. Assume souhaid ad an unausted $2,000 credit balance in Alowance for Bad Debts of December 31, 2018. Journalize Southaide's December 31, 2018, adjustment to record bad debts expense using the percent of receivable method (Racord debts first, then credits. Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Dett Credit Dec 31 Bad Dot Expenda Allowance for Bad Debt Recorded bad debts pense for the period The Accounts Receivable balance for Southside, Inc. at December 31, 2017, was 522,000 During 2018, Southside earned revenue of $459.000 on account and collected $323.000 on account Southside wrote of $5400 receivables as uncollection Industry experience suggests that collectible accounts will amount to all of accounts receivable Read the coments Recorded bad otsent for the period Requirement 2. Assume Southside had an adjusted $1,700 debt balance in Allowance for Bad Debts at December 31, 2018 Journaize Southside's December 31, 2018 adjustment to record bad debts eine using the percord-roctivable method (Record Gebits first thon cresti Select the punition on the inne of the journal entitat Date Accounts and explanation De Credit Dec 31