Prepare year-end adjusting journal entries assuming that the estimate of uncollectible accounts is determined by taking: (1) 5% of gross accounts receivable, (Credit account titles are automatically indented when the amount is entered, Do not Indent manually. List debit entry before credit entry.) repare year-end adjusting journal entries assuming that the estimate of uncollectible accounts is determined by taking: 1) 5% of gross accounts receivable, (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.) (2) 3% of gross accounts receivable (assuming a $750 debit allowance account balance). (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.)