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Selected unadjusted account balances at December 31, 2023, are shown below for Demron Servicing. Account Accounts receivable Allowance for doubtful accounts Sales (all on credit)

Selected unadjusted account balances at December 31, 2023, are shown below for Demron Servicing. Account Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales discounts Debit $67,000 11,000 Credit $ 1,080 473,000
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c. Record the adjusting entry required on December 31,2024 , to estimate uncollectible recelvables, assuming it is bascd on 2% of recervables Selected unadjusted account balances at December 31, 2023, are shown below for Demron Servicing d. Show how accounts recelvable would appear on the December 31,2024 , balance sheet

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