Selected unadjusted account balances at December 31, 2020, are shown below for Demron Servicing. Credit Debit $64,000 Account Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales discounts $ 1,029 446, 999 8.999 01:04:33 Requlred: a. Demron estimates that 3% of net credit sales will prove to be uncollectible. Prepare the adjusting entry required on Dec 2020, to estimate uncollectible receivables. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 December 31, 2020 Bad debt expense 260 Allowance for doubtful accounts 280