Selected unadjusted account balances at December 31, 2020, are shown below for Dernron Servicing. Act Create Accounts receivable $70,000 Allowance for doubtful accounts $1,100 Sales (all on credit) 430,000 Sales discounts 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 Vlww transaction that Journal entry worksheet > 1 Record the estimate for uncollectible accounts etter det before credits Debat Credit General Journal December 31, 2020 b. During 2021, credit sales were $620,000 (cost of sales $106.500), sales discounts taken were $12.000 accounts receivable collected were $440,000; and accounts written off during the year totalled $10,000. Prepare the entries to record these transactions View transaction list Journal entry worksheet Record the write off of uncollectible accounts. Note Erster det before credits Debit Credit General Journal Year 2021 View general journal Recorder Clear entry c. Record the adjusting entry required on December 31, 2021, to estimate uncollectible recevables, assuming it is based on 2% of net credit sales View transaction list Journal entry worksheet Record the estimate for uncollectible accounts. Note: Enter debts before credits General Journal Debit Credit Date December 31, 2021 View general Journal Record entry Clear entry d. Show how accounts receivable would appear on the December 31, 2021 balance sheet. Partial Balance Sheet Assets Current assets