Assumption: ABC Corporation has been operating for five (5) years. The unadjusted Trial Balance at the end of the current year shows the following balances. The company estimated the 10% of its accounts receivable will be uncollected. Actions to take: 1. Estimate the amount the company does not expect to collect. 2. Consider the existing balance in the allowance account when using the percentage-of-receivables basis. 3. Prepare the Journal Entries to adjust the Allowance for Doubtful Account