solve the D part

Selected unadjusted account balances at December 31, 2020, are shown below for Demron Servicing Credit Debit $73,000 Account Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales discounts $ 1,160 507,000 11,000 Required: a. Demron estimates that 2.5% of net credit sales will prove to be uncollectible. Prepare the adjusting entry required on December 3 2020, to estimate uncollectible receivables View transaction list View journal entry worksheet No General Journal Debit Credit Date December 31 2020 1 Bad debt expense 12,400 Allowance for doubtful accounts 12,400 b. During 2021, credit sales were $656,000 (cost of sales $430,110), sales discounts of $15,000 were taken when accounts receivable of $550 100 were collected, and accounts written off during the year totalled $12,400. Prepare the entries for these transactions View transaction list View journal entry worksheet No Year General Journal Debit Credit 1 2021 656,000 Accounts receivable Sales 656,000 2 2021 430, 110 Cost of goods sold Merchandise inventory 430,110 3 2021 Cash 535,100 15,000 Sales discounts Accounts receivable 550,100 4 2021 12,400 Allowance for doubtful accounts Accounts receivable 12,400 c. Record the adjusting entry required on December 31, 2021 to estimate uncollectible receivables, assuming It is based on 2.5% of net credit sales View transaction list View journal entry worksheet No General Journal Debit Credit Date December 31, 2021 1 Bad debt expense 16,025 Allowance for doubtful accounts 16,025 d. Show how accounts receivable would appear on the December 31, 2021, balance sheet. Partial Balance sheet Assets Current assets: Accounts receivable Less: Allowance for doubtful accounts