Exercise 8-11 Estimating bad debt expense-percentage of sales LO3 Selected unadjusted account balances at December 31,2023, are shown below for Demron Servicing. Required: a. Demron estimates that 3.5% of net credit sales will prove to be uncollectible. Prepare the adjusting entry required on December 31 , 2020 , to estimate uncollectible receivables. Exercise 8-11 Estimating bed debt expense-percentage of sales LO3 Selected unodjusted account balances at December 31 2023, are shewn below for Demron Serveing. Required: a. Demron estimates that 3.5% of net credit sales will prove to be uncollectible. Prepare the agusting enty required on December 31 , 2020, to estmate uncolectibie receivebles. c. Record the adjusting entry required on December 31,2024 , to estimate uncollectlble recelvables, assumIng it is based on 3.5% of net credit sales. Journal entry worksheet Record the estimate for uncollectible accounts. Note: Enter debits before credits. d. Show how accounts recelvable would appear on the December 31,2024 , balance sheet. e. Record the adusting entry required on December 3t. 2024, to estimate uncollectible receivables, absuming it is based on 3.5% of net credit wies. d. Shaw how accounts recelvable would appear on the December 31, 2024, balance sheet