The Accounts Receivable balance for Southside Company at December 31,2015 , was $30,000. During 2016, Southside earned revenue of $456,000 on account and collected $323,000 on account. Southside wrote off $5,500 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 3% of accounts receivable. Read the requirements. Requirement 1. Assume Southside had an unadjusted $2,100 credit balance in Allowance for Bad Debts at December 31, 2016. Journalize Southside's December 31, 2016, adjustment to record bad debts expense using the percent-of-receivables method. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Requirement 2. Assume Southside had an unadjusted $1,500 debit balance in Allowance for Bad Debts at December 31, 2016. Journalize Southside's December 31,2016 , adjustment to record bad debts expense using the percent-of-receivables method. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.)