Help Save & Exit Selected unadjusted account balances at December 31, 2020, are shown below for Demron Servicing 4 Account Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales discounts Debit $70,000 Credit $ 1.100 480,000 8,000 Required: a. Assume that Demron estimates uncollectible accounts as 2% of receivables. Prepare the adjusting entry required on December 31, 2020 to estimate uncollectible receivables. View transaction list Journal entry worksheet Journal entry worksheet 4 Record the estimate for uncollectible accounts. Note: Enter debits before credits General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general journal 4 d. Show how accounts receivable would appear on the December 31, 2021 balance sheet. Partial Balance Sheet Assets Current assets