Selected unadjusted account balances at December 31, 2020, are shown below for Demron Servicing CE Debit $65,000 Account Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales discounts $ 1,040 455.000 9.000 Required: a. Demron estimates that 2% 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 Record the estimate for uncollectible accounts Note: Enter debit before credits b. During 2021 credit sales were $589,000 (cost of sales $386190), sales discounts of $13,000 were taken when accounts receivable of $176 700 were collected and accounts written off during the year totalled $10,800. Prepare the entries for these transactions View transaction list Journal entry worksheet