Selected unadjusted account balances at December 31, 2020, are shown below for Demron Servicing, 3 Credit Account Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales discounts Debit $70,000 $ 1.100 480,000 8,000 Required: a. Demron estimates that 1.5% of net credit sales will prove to be uncollectible. Prepare the adjusting entry required on December 31, 2020, to estimate uncollectible receivables Journal entry worksheet Record the credit sales during 2021. Note: Enter debits before credits General Journal Debit Credit Year 2021 3 c. Record the adjusting entry required on December 31, 2021 to estimate uncollectible receivables, assuming it is based on 15% of net credit sales. View transaction list Journal entry worksheet Record the estimate for uncollectible accounts. Note: Enter debits before credits General Journal Debit Credit Date December 31, 2021 d. Show how accounts receivable would appear on the December 31, 2021, balance sheet Partial Balance Sheet Assets Current assets