5 Debit Selected unadjusted account balances at December 31, 2020, are shown below for Demon Servicing Account Credit Accounts receivable $78,000 Allowance for doubtful accounts $1,360 Sales (all on credit) 553,000 Sales discounts 16,000 18 point SKOG Required: a. Assume that Demron estimates whollectible accounts as 2 of recevables Prepare the adjusting entry required on December 2020 to estimate uncollectible receivables View transactions Journal entry worksheet Prey 5 of 9 5 b. During 2021. credit sales were $716.000 (cost of sales $469,460): sales discounts taken were $20,000, accounts receivable collected were $733,600; and accounts written off during the year totalled $16,400. Prepare the entries to record these transactions View transaction list 18 points Journal entry worksheet Skipped 2 3 c. Record the adjusting entry required on December 31, 2021, to estimate uncollectible receivables, assuming it is based on 2% of net credit sales View transaction list Journal entry worksheet pod Record the estimate for uncollectible accounts. Note: Enter debits before credits Debit Credit General Journal Date December 31, 2021 5 d. Show how accounts receivable would appear on the December 31, 2021 balance sheet 18 points Partial Balance sheet Assots Current assots