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Selected unadjusted account balances at December 31, 2023, are shown below for Demron Servicing. Account Debit Credit Accounts receivable $62, 000 Allowance for doubtful S

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Selected unadjusted account balances at December 31, 2023, are shown below for Demron Servicing. Account Debit Credit Accounts receivable $62, 000 Allowance for doubtful S 980 accounts Sales (all on credit) 428 , 000 Sales discounts 6, 000 Required: a. Assume that Demron estimates uncollectible accounts as 2% of receivables. Prepare the adjusting entry required on December 31, 2023, to estimate uncollectible receivables.View transaction list Journal entry worksheet Record the estimate for uncollectible accounts. Note: Enter debits before credits. December 31, Record entry View general journal b. During 2024, credit sales were $553,000 (cost of sales $362,580); sales discounts taken were $10,000; accounts receivable collected were $366,600; and accounts written off during the year totalled $8,400. Prepare the entries to record these transactions. View transaction list Journal entry worksheet Record the estimate for uncollectible accounts. Note: Enter debits before credits. December 31, 2024 View general journal Record entry d. Show how accounts receivable would appear on the December 31, 2024, balance sheet. Assets Current assets

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