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 $79,000 $ 1,280 561,000 15,000 Required: a. Demron estimates that 3% 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