balance. Collections of accounts receivable during 2021 amounted to $74,000. Data during 2021 follow: a. On December 10, a customer balance of $1,800 from a prior year was determined to be uncollectible, so it was written off. b. On December 31 , a decision was made to continue the accounting policy of basing estimated bad debt losses on 2 percent of credit sales for the yeat. Required: 1. Give the required journal entries for the two events in December. 2-a. Show how the amounts related to Bad Debt. Expense would be reported on the income statement. 2-b. Show how the amounts related to Accounts Recelvable would be reported on the balance sheet. 3. On the basis of the data available, does the 2 percent rate appear to be reasonable? Give the required journal entries for the two events in December. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the write-off of a certain customer account from a prior year which is not collectible totaling $1,800. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Show how the amounts related to Bad Debt Expense would be reported on the income statement. Complete this question by entering your answers in the tabs below. Show how the amounts related to Accounts Receivable would be reported on the balance sheet. Complete this question by entering your answers in the tabs below. On the basis of the data available, does the 2 percent rate appear to be reasonable