At the end of the year, a company reports a balance its Allowance for Uncollectible Accounts of $1,300 (credit before any year and adjustment. The company estimates future uncollectible accounts to be 4% of credit sales for the year. Credit sales for the year to $282,000 Record the adjustment for the allowance for uncollectible accounts using the percentage of credit-sales method if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transactionist Journal entry worksheet