18 A company reports the following amounts at the end of the year (before any year end adjustment). 6 points Credit sales for the year Accounts receivable Allowance for uncollectible account $127,000 30.000 1.500 (credit) 00-5:35 Record the adjustment for uncollectible accounts (1) using the percentage of receivables method, assuming the company estimates 10% of receivables will not be collected, and (2) using the percentage of cjedit-sales method, assuming the company estimates 3% of credit sales will not be collected. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transactions Journal entry worksheet 1 2 Record the adjustment for uncollectible accounts using the percentage-of- receivables method, assuming the company estimates 10% of receivables will not be collected Notel Enter bits before credit Cred General Journal Debit Event (1)