b. During 2024 , credit sales were $692,000 (cost of sales $453,720 ); sales discounts taken were $18,000; accounts receivable collected were $660,200; and accounts written off during the year totalled $14,800. Prepare the entries to record these transactions. Journal entry worksheet Note: Enter aediss veivie cieuis. c. Record the adjusting entry required on December 31, 2024, to estimate uncollectible receivables, assuming it is based on 4 receivables. Journal entry worksheet Record the estimate for uncollectible accounts. Note: Enter debits before credits. Exercise 8-12 Estimating bad debt expense-percentoge of receivables LO3 Selected unadjusted account balances at December 31, 2023, are shown below for Demron Servicing. Required: a. Assume that Demron estimates uncollectible accounts as 4.5% of receivables. Prepare the adjusting entry required or 2023, to estimate uncollectible receivables. d. Show how accounts receivable would appear on the December 31,2024 , balance sheet