Required: a. 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 receivables. 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. c. Record the adjusting entry required on December 31,2024 , to estimate uncollectible receivables, assuming it is based on 4.5% of net credit sales. Journal entry worksheet Note: Enter debits before credits. d. Show how accounts receivable would appear on the December 31,2024 , balance sheet