Question: i need its answer as soon as possible Selected unadjusted account balances at December 31, 2023, are shown below for Demron Servicing. Required: a. Assume



Selected unadjusted account balances at December 31, 2023, are shown below for Demron Servicing. Required: a. Assume that Demron estimates uncollectible accounts as 2% of receivables. Prepare the adjusting entry required on December 2023 , to estimate uncollectible receivables. b. During 2024 , credit sales were $589,000 (cost of sales $386,190 ); sales discounts taken were $13,000; accounts receivable collected were $476,700, and accounts written off during the year totalled $10,800. Prepare the entries to record these fransactions. E. Pecord the adjusting entry requiked on December 31,2024 , to estimate uncollectible recetvables, assuming it is bussed on 2% of ecetvables. d. Show how accounts recelvable would appear on the December 31,2024 , balance shect
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