Required: a. Assume that Demron estimates uncollectible accounts as 2% of receivables. Prepare the adjusting entry required on December 31. 2020 to estimate uncollectible receivables. 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 Next> Check my work b. During 2021, credit sales were $716,000 (cost of sales $469,460); sales discounts taken were $20,000, accounts receivable collected were $733,600; and accounts written off during the year totalled $16,400. Prepare the entries to record these transactions View transaction list Journal entry worksheet 1 2 3 4 Record the credit sales during 2021. Note: Enter debits before credits. Year 2021 General Journal Debit Credit < Prev 4 of 10 Next > C 7. c. Record the adjusting entry required on December 31, 2021, to estimate uncollectible receivables, assuming it is based on 2% of net credit sales. ped bok ences View transaction list Journal entry worksheet < 1 Record the estimate for uncollectible accounts. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit < Prev 4 of 10 Next > Check my w Homework 7. oped d. Show how accounts receivable would appear on the December 31, 2021 balance sheet. Ook Assets Current assets int ences Partial Balance sheet Next > Help Save & Exit Submit Check my work