The Accounts Receivable bnlance for Lakeside, Inc. at Docomber 31, 2023, was $29,000. During 2024, Lakeside earned revenue of $461,000 on account and collected $322,000 on accourt. Lokeside wrote off $6,400 recelvables as uncollectible, induntry experience suggosis that uncollectble accounts will amount to 3% of accounts recolvable. Read the regilements. Requirement 1. Assume Lakeside had an unadjusted \$2,500 crede belanco in Alowance for Bad Debts at December 31, 2024. Joumalize Lakoside's December 31, 2024, adjusiment to record bad debts expense using the percent-of-receivnbles method. (Rooord debits first then crodis. Select the explanalion on the last line of the joumal entry table.) Requirements 1. Assume Lakeside had an unadjusted $2,500 credt balance in Allowance for Bad Debts at December 31, 2024. Jouralice Lakeside's December 31, 2024, adjustment to record bad debts expense using the percent-f-recelvables method. 2. Assume Lakeside had an unadjusted $2,000 debit bolance in Allewance for Bad Debts at December 31, 2024. Joumalize Lakeside's December 31, 2024. adiustront to record bad debts exponse using the percent-of-recoivables method