The Accounts Receivable balance for Field Company at December 31, 2019, was $26,000. During 2020, Field earned revenue of $460,000 on account and collected $331,000 on account. Field wrote off $6,200 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 3% of accounts receivable. Required Requirement 1. Assume Field had an unadjusted $2,100 credit balance in Allowance for Bad Debts at December 31, 2020. Journalize Field's December 31, 2020, 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.) Date Accounts and Explanation Debit Credit Dec. 31 Requirement 2. Assume Field had an unadjusted $1,800 debit balance in Allowance for Bad Debts at December 31, 2020. Journalize Field's December 31, 2020, 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.) Date Accounts and Explanation Debit Credit Dec. 31 $2.1 ts fi RO20, ac * Required X Exp 1. Assume Field had an unadjusted $2,100 credit balance in Allowance for Bad Debts at December 31, 2020. Journalize Field's December 31, 2020, adjustment to record bad debts expense using the percent-of-receivables method. Assume Field had an unadjusted $1,800 debit balance in Allowance for Bad Debts at December 31, 2020. Journalize Field's December 31, 2020, adjustment to record bad debts expense using the percent-of-receivables method. 2. $1. Es fill 020, ad Exp Print Done