The Accounts Receivable balance for North Company December 31, 2019, was 530,000. During 2020, North camned revenue of $450,000 on account and collected 5323.000 on account North wrote off 5.700 uncollectible Industry experience suggests that collectible accounts will amount to 2% of accounts receivable Resid Requirement 1. Assume North had an unadjusted $2,100 credit balance in Allowance for Bed Debts at December 31, 2020. Joumalize North's December 31, 2020, adjustment to record bad debts espone using the percent of receivables method (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Debil Credit 31 Required 1 Assume North had an austed 2.100 rebate in Acorded Debat December 31, 2020 Jumaltre Nos December 31, 2020. ad to recorded expenses the prechod 2 Dec2020 Jourth December Requitume North had and 51.400 balance in Allowance for Bade December 2020 portocales method (Record de les the credits Select the explanation on the outline of the journalen Account and Explanation Done