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earned revenue of $458,000 on accounit and collected $130,000 on account The Accounts Receivable balance for Highland Company Highiand wrote off $5,700 receivables as uncollectible Industry experience suggests that uncollectble accounts will amount to Read the requirements Receivable balance for Highland Company at December 31, 2017, was $23,000. During 2018, Highland n Allowance for Bad Debts at December 31, 2018. Jounalize Highland's December 31, 2018, adjustment to record bad Requirement 1. Assume Highland had an unadjusted $2,300 credit balanoe i debis expense using the percent-af-receivables method. (Record debits first, then credts Select the explanation on the last line of the jounal entry table.) Accounts and e Date Requirements Dec 31 1.Assume Higland had an unssusted $2,300 credit bolanoe in Alowanco for Bad Debls at December 31, 2018 Joumaize Higland's December 31, 2010, adjustment to record bad debls axpense using the percent-of-receivables method Assume Highland had an unadjusted $1,400 debit balance in Alowance or a Debts at December 31, 2018 Joumalize Highlands December 31, 2018 ecember 31, 2018, adjustment to record ba Requirement 2. Assume Highand had an unadjuet debls expense using the percent-of-receivables me adjustment to reooed bad debis expense using the parcent-of receivabios method Date Accounts and Print Done Dec 31

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