Homework: Chapter 8 Exercises Save HW Score: 43.75 % , 7 of 16 pts Score: 0 of 1 pt 9 of 16 (7 complete) S8-7 (similar to) Question Help uring 2018, Clark earned revenue of $156,000 on account and collected $322,000 on account. Clark wrote off $5,400 receivables as uncollectible. Industry cunononce engests that uncollectiblo eccounts will amount to 2% of accounts receivable Read the requirements Requirement 1. Assume Clark had an unadusted $1.800 credit (Record debits first, then credits, Select the explanation on the last line of the iournal entry teble.) Debts at December 31, 2018 Journalize Clark's December 31, 2018, adjustment to record bad debts expense using the percent-ot-receivables method Debit Credit Date Accounts and Explanation X Requirements Bad Debts Expenses Dec 31 Allowance for Bad Debts Assume Clark had an unadjusted $1,800 credil balance in Allowance for Bad Debts at December 31, 2018. Journalize Clark's December 31, 2018, adjustment 1 Recorded bad debls uxperse for the poriod Assume Clark had an unadjusted $1.500 debit balance in Allowance T 2 Bad Debts at December 31, 2018. Jounalize Clark's December 31, 2018, adjustment to record bad debts expense using the percent-ot-receivables method Print Done Choose from any lst or enter any number In the Input flelds and then cllck Check Answer 1 Clear All Check Answer ining