ted unadjusted account balances at December 31, 2017, are shown below for Demron Servicing. Account Debit Credit Accounts receivable... $70,000 Allowance for doubtful accounts $ 1.100 Sales (all on credit). 480.000 Sales discounts 8.000 Click here for a description of Table: Exercise 8-10 Required a. Demron estimates that 1.5% of net credit sales will prove to be uncollectible. Prepare the adjusting entry required on December 31, 2017, to estimate uncollectible receivables. b. During 2018, credit sales were $620,000 (cost of sales $406,500); sales discounts of $12,000 were taken when accounts receivable of $440,000 were collected; and accounts written off during the year totalled $10,000. Prepare the entries for these transactions C. Record the adjusting entry required on December 31, 2018, to estimate uncollectible receivables, assuming it is based on 1.5% of net credit sales. d. Show how accounts receivable would appear on the December 31, 2018. balance chat