o. Durlng 2024 , credit sales were $644,000 (cost of sales $422,240 ); sales discounts taken were $14,000; accounts recelvable collected were $513,400; and accounts written off during the year totalled $11,600. Prepare the entrles to record these transactions. Journal entry worksheet 34 Note: Enter debits before credits. Exercise 8-12 Estimating bad debt expense-percentage of receivables LO3 Selected unadjusted account balances at December 31, 2023, are shown below for Demron Servicing. Required: a. Assume that Demron estimates uncollectlble accounts as 3% of recelvables. Prepare the adjusting entry required on December 31 , 2023 , to estimate uncollectible recelvables. Journal entry worksheet Note: Enter debits before credits. c. Record the adjusting entry required on December 31,2024 , to estimate uncollectlble recelvables, assumIng it is based on 3% of recelvables. 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