E7-36B. Percent of sales and aging of accounts receivable allowance methods (Learning Objective 4) 15-20 min. Inland Paving, Inc., uses the allowance method to account for uncollectible accounts. On December 31, 2018, Allowance for Uncollectible Accounts has a $725 credit bal- ance. Journalize the year-end adjusting entry for uncollectible accounts assuming the following independent scenarios: 1. Inland Paving, Inc., estimates uncollectible accounts as two-fifths of 1 percent of net credit sales. Net credit sales for the year equal $700,000. Iestimat 2. Based on an aging of Accounts Receivable, Inland Paving, Inc estimates that uncollectible accounts will equal $3,250.