Selected unadjusted account balances at December 31, 2020, are shown below for Demron Servicing Debit $77,000 Credit Account Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales discounts $ 1,240 543, een 15,000 Required: a. Demron estimates that 1.5% of net credit sales will prove to be uncollectible. Prepare the adjusting entry required on December 31 2020, to estimate uncollectible receivables, View transaction list es Journal entry worksheet Record the estimate for uncollectible accounts. General Journal Debit Credit Date December 31 2020 b. During 2021, credit sales were $704,000 (cost of sales $461,590): sales discounts of $19.000 were taken when accounts receivable of $696,900 were collected and accounts written off during the year totalled $15,600. Prepare the entries for these transactions View transaction list Journal entry worksheet 1 2 3 4 Record the credit sales during 2021. Note: Enter debits before credits Year 2021 General Journal Dobit Credit Recondary Clear entry View general journal c. Record the adjusting entry required on December 31, 2021 to estimate uncollectible receivables, assuming it is based on 1.5% of net credit sales. Vlow transaction at Journal entry worksheet Record the estimate for uncollectible accounts Note: In its before credits General Journal Date December 31, 2021 Debit Credit Racord entry Carry d. Show now accounts receivable would appear on the December 31, 2021. balance sheet Partia Balance sheet