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A company reports the following amounts at the end of the year (before any year-end adjustment) Credit sales for the year Accounts receivable Allowance for uncollectible accounts $127,000 33,000 1,800 (credit) Record the adjustment for uncollectible accounts (1) using the percentage-of-receivables method, assuming the company estimates 10% of receivables will not be collected, and (2) using the percentage-of-credit-sales method, assuming the company estimates 2% of credit sales will not be collected. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet Debit Credit NO Event 1 (1) General Journal Bad Debt Expense Allowance for Uncollectible Accounts 2 (2) Bad Debt Expense Allowance for Uncollectible Accounts At the end of the year, a company has the following accounts receivable and estimates of uncollectible accounts: 1. Accounts not yet due = $83,000; estimated uncollectible - 3% 2. Accounts 1-30 days past due = $20,000; estimated uncollectible = 20%. 3. Accounts more than 30 days past due = $6,000, estimated uncollectible = 65% Record the year-end adjustment for uncollectible accounts, assuming the current balance of the Allowance for Uncollectible Accounts is $860 (credit). (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet Debit Credit No Event 1 1 General Journal Bad Debt Expense Allowance for Uncollectible Accounts