Selected unadjusted account balances at December 31, 2020, are shown below for Demron Servicing. Account Debit Credit Accounts receivable $75,000 Allowance for doubtful accounts Ook Sales (all on credit) Sales discounts $ 1,200 525,000 13,000 sk K Int ences Required: a. Assume that Demron estimates uncollectible accounts as 4% of receivables. Prepare the adjusting entry required on Decembe 2020 to estimate uncollectible receivables. View transaction list View journal entry worksheet General Journal Debit Credit No 1 Date December 31, 2020 Bad debt expense Allowance for doubtful accounts