c. Record the adjusting entry required on Decernber 31,2024 , to estimate uncollectible recelvables, assuming it is based on 4.5% of net credit sales. Journal entry worksheet Record the estimate for uncollectible accounts. Note: Enter debits before credits. Exercise 8-11 Estimating bad debt expense-percentage of sales LO3 Selected unadjusted account balances at December 31, 2023, are shown below for Dernron Servicing. Required: o. Demron estimates that 4.5% of net credit sales will prove to be uncollectible. Prepare the adjusting entry required on December 31 , 2020 , to estimate uncollectible recelvables. Journal entry worksheet Note: Enter debits betore creaiss d. Show how accounts receivable would appear on the December 31,2024 , balance sheet. b. During 2024 , credit sales were $529,000 (cost of sales $346,840 ); sales discounts of $8,000 were taken when accounts receivable of $293,200 were collected; and accounts written off during the year totalled $6,800. Prepare the entries for these transactions. Journal entry worksheet Record the credit sales during 2024. Note: Enter debits before credits