Selected unadjusted account balances at December 31, 2020, are shown below for Demron Servicing, Credit Account Dobit Accounts receivable $60,000 Allowance for doubtful accounts Sales (all on credit) Sales discounts 4,000 $ 940 410.000 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 Record the estimate for uncollectible accounts b. During 2021, credit sales were $529,000 (cost of sales $346,840); sales discounts taken were $8,000; accounts receivable collected were $293.200; and accounts written off during the year totalled $6,800. Prepare the entries to record these transactions. View transaction list View journal entry worksheet No General Journal Debit Credit Year 2021 1 Accounts receivable Sales 529.000 c. Record the adjusting entry required on December 31, 2021, to estimate uncollectible receivables, assuming it is based on 2% of net credit sales. View transaction list Journal entry worksheet 1 Record the estimate for uncollectible accounts Note: Enter debits before credits Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View general Journal d. Show how accounts receivable would appear on the December 31, 2021 balance sheet. Partial Balance sheet Assets Current assets Accounts receivable Less: Allowance for doubtful accounts