The Accounts Receivable balance for Lakeside Company at December 31, 2019, was $20.000. During 2020, Lakeside earned revenue of $40,000 on count and collected $327,000 on account, Lakeside wrote off56,000 receivables as uncollection Industry experience suggests that collectible counts will amount to 2% od ccounts receivable Reid Requirement 1. Anume Lakeside had an unedited $2,400 credit balance in Allowance for Bad Bebts of December 31, 2020. Journaire Lakesides December 31, 2020, mert to record bad debts espere using the percent of receivables method. Record debits first, then credits Select the explanation on the last line of the journal entry tale) Accounts and Explanation Debit Credit Dec Date 31 Requirement 2. Asume Lakeside had an add $1.500 de balance in Allowance for fad Debist December 31, 2020. Sumaire des December 31, 2020, ent to record bad debe expense using the percent of receive method Record debit first, then credits Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Debit Dec 31 ance in Allowance for Bad Debts at December 31, 2020. Journalize Lakeside's December 31, 2020, adju the last line of the journal entry table.) Debit Credit i Required 1. Assume Lakeside had an unadjusted $2,600 credit balance in Allowance for Bad Debts at December 31, 2020. Journalize Lakeside's December 31, 2020, adjustment to record bad debts expense using the percent-of-receivables method. Assume Lakeside had an unadjusted $1,500 debit balance in Allowance for Bad Debts at December 31, 2020. Journalize Lakeside's December 31, 2020, adjustment to record bad debts expense using the percent-of-receivables method. lai 2. dju Print Done