The Accounts Recohoble balance for Lakeside Company at Decenter 31, 2023, was 530,000. During 2024, Lavesife eatned revorive of S455, 000 on account and collected 5331,000 on Read the tegtidements. Requirement 1.Assume Lakeside had an unadjusted $2,000 creck balance in Allowance for Bad Dobts at Docember 31, 2024, Journalto Lakenide's December 31, 20e4. acjusiment to tecon bad debts expense using the percent-of-recelvobles method. (Record debits first, then credita. Seloct the axplanating on the last line of the joumal entry tablo. ) : Requirement 2. Assume Lakeside had an unedjuted \$1,700 debit balance in Alowance for Bad Dobts at December 31, 2024. Journalize Lakeside's December 31, 2024, adjustment 1o reoor bad dobts expense using the percent-of-recelvables method. (Record debits fint, then crodits, Seloct the explanation on the last the of the journal entry table) Requirements 1. Assume Lakeside had an unadiusted $2,000 credit balance in Allowance for Bad Debts at December 31, 2024. Joumalie Lakeside's December 31, 2024, adjustment to record bod debts expense uting the porcont-ot-receivables method. 2. Assume Lakeside had an unadjusted $1,700 debit balance in Allowance for Bad Dobts at December 31, 2024. Joumalize Lakesido's December 31, 2024. adjustment to record bad debts expense using the percent ol receivables method