257 Meto A company reports the following amounts at the end of the year (before any year-end adjustment). Ced Credit sales for the year Accounts receivable Allowance for uncollectible accounts $127,000 38,000 1,500 (credit) 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-credit-sales method, assuming the company estimates 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 transaction list Journal entry worksheet 2 Record the adjustment for uncollectible accounts using the percentage-of- receivables method, assuming the company estimates 10% of receivables will not be collected Note: Enter debits before credits Debit Credit General Journal Event (1) Next >