A company reports the following amounts at the end of the year (before any year-end adjustment) Record the adjustment for uncollectible accounts using the percentage-of-receivables method, assuming the company estimates 8% of receivables will not be collected and using the percentage-of-credit-sales method assuming the company estimates 3% of credit sales will not be collected (If no entry is required for a transaction/event. select "No journal entry requited" in the first account field.)