Selected unadjusted account balances at December 31, 2020, are shown below for Demron Servicing. Account Debit...

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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 $ Sales (all on credit) 980 428,000 Sales discounts 6,000 Required: a. 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. View transaction list Journal entry worksheet < 1 Record the estimate for uncollectible accounts. Note: Enter debits before credits. Date December 31, 2020 General Journal Debit Credit Record entry Clear entry View general journal 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 $ Sales (all on credit) 980 428,000 Sales discounts 6,000 Required: a. 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. View transaction list Journal entry worksheet < 1 Record the estimate for uncollectible accounts. Note: Enter debits before credits. Date December 31, 2020 General Journal Debit Credit Record entry Clear entry View general journal