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Selected unadjusted account balances at December 31, 2020, are shown below for Demron Servicing Account Debit Credit Accounts receivable $62,000 Allowance for doubtful accounts

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Selected unadjusted account balances at December 31, 2020, are shown below for Demron Servicing Account Debit Credit Accounts receivable $62,000 Allowance for doubtful accounts 950 Sales (all on credit) 428,000 Sales discounts 6,000 Required: 6. Demron estimates that 3.5% of net credit sales will prove to be uncollectible. Prepare the adjusting entry required on December 31, 2020, to estimate uncollectible receivables Answer is complete but not entirely correct. No Date 1 December 31 202 Bad debt expense Allowance for doubtful accounts General Journal Debit Credit 13.790 13,790 O

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