At the end of the year, a company reports a balance in its Allowance for Uncollectible Accounts of $1,300 (debit before any year-end adjustment. The company estimates future uncollectible accounts to be 5% of credit sales for the year Credit sales for the year total $281000 Record the adjustment for the alldwance for uncollectible accounts using the percentage of credit-sales method. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction to Journal entry worksheet Record the bad debt expense Note: Enter droits before credits Event General Journal Debit Credit 1 Racord antry Clear entry View general Journal