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A company reports the following amounts at the end of the year (before adjustment): (If no entry is required for a particular. transaction/event, select "No Journal Entry Required" in the first account field.) Required: 1. Record the adjusting entry for uncollectible accounts using the percentage-of-receivables method, assuming the company estimates 10% of recelvables will not be collected. 2. Record the adjusting entry for uncollectible accounts using the percentage-of-credit-sales method, assuming the company estimates 2% of credit sales will not be collected. Journal entry worksheet Record the adjusting entry for uncollectible accounts using the percentage-ofreceivables method, assuming the company estimates 10% of receivables will not be collected. Nate: friter detils befcere credits. A company reports the following amounts at the end of the year (before adjustment) (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Required: 1. Record the adjusting entry for uncollectible accounts using the percentage-of-receivables method, assuming the company estimates 10% of recelvables will not be collected. 2. Record the adjusting entry for uncollectible accounts using the percentage-of-credit-sales method, assuming the company estimates 2% of credit sales will not be collected. Journal entry worksheet Record the adjusting entry for uncollectible accounts using the percentage-ofcredit-sales method, assuming the company estimates 2% of credit sales will not be collected