Hele A company reports the following amounts at the end of the year (before any year-end adjustment). 13 Cedit sales for the year Accounts receivable Allowance for uncollectible accounto $126,000 39.ee 1,500 (credit) 80152 Record the adjustment for uncollectible accounts (t) using the percentage of receivables method, assuming the company estimates 8% of receivables will not be collected, and (2) using the percentage-of-credit sales method, assuming the company estimates 5% 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 Journal entry worksheet 2 Record the adjustment for uncollectible accounts using the percentage of receivables method, assuming the company estimates 8% of receivables will not be collected General Journal Debat Event (1) Credit Record Clear entry View general Journal