The December 31, 2019 balance sheet of Sauder Company had Accounts Receivable of 500,000 and a credit balance in Allowance for Doubtful Accounts of 33,000. During 2020, the following transactions occurred: sales on account 1,300,000; sales returns and allowances, 50,000; collections from customers, 1,215,000; accounts written off 35,000; previously written off accounts of 5,000 were collected. Instructions (a) Journalize the 2020 transactions. (b) If the company uses the percentage-of-receivables basis to estimate bad debts expense and determines that uncollectible accounts are expected to be 4% of accounts receivable, what is the adjusting entry at December 31, 2020