Selected unadjusted account balances at December 31, 2020, are shown below for Demron Servicing. Account Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales discounts Debit Credit $63,000 $ 1,000 437,000 7,000 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 < 1 Record the estimate for uncollectible accounts. Note: Enter debits before credits. Date December 31, 2020 General Journal Debit Credit < Prev 8 of 10 Next e