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Selected unadjusted account balances at December 31, 2020. are shown below for Demron Servicing Debit 570,000 Credit Account Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales discounts $1,100 480,000 8.000 212.22 Required: 1. Demren estimates that 15% 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 Journal entry worksheet 1 Record the estimate for uncollectible accounts Net Saved Save & Ex Help a. Demron estimates that 15% of net credit sales will prove to be uncollectible. Prepare the adjusting entry required on December 31 2020, to estimate uncollectible receivables. View transaction Journal entry worksheet Record the credit sales during 2021. Not Enter debita betur credit General Journal Debe Year 2023 B b. During 2021, 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 wiitten off during the year totalled $10.000 Prepare the entries for these transactions View transaction Journal entry worksheet 02.11.16 > here to see O 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. View transaction list Journal entry worksheet 025 1 Record the estimate for uncollatible accounts, Note: Etter debits before credits General Journal Debit Credit Date December 31, 2021 here to O 1 - G Question d. Show how accounts receivable would appear on the December 31, 2021, balance sheet w Partial Balance Sheet Assets Current assets

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