Ded Selected unadjusted account balances at December 31, 2020, are shown below for Demron Servicing. Account Debit Credit Accounts receivable $74,000 Allowance for doubtful accounts Sales (all on credit) Sales discounts $ 1,180 516,000 12,000 book sk Required: a. Assume that Demron estimates uncollectible accounts as 3.5% of receivables. Prepare the adjusting entry required on December 3 2020 to estimate uncollectible receivables. ences View transaction list Journal entry worksheet 1 Record the estimate for uncollectible accounts. Note: Enter debits before credits. Date December 31, 2020 General Journal Debit Credit