Record the adjusting entry for uncollectible accounts, using the percentage of receivables method assuming the company estimates 8% of receivables will not be collected

Record the adjusting entry for uncollectible accounts, using the percentage of credit sales method assuming the company estimates 4% of credit sales will not be collected

A company reports the following amounts at the end of the year (before adjustment): (If no entry is required for a particular tronsaction/event, select "No Journal Entry Required" in the first account field.) Required: 1. Record the adjusting entry for uncollectible accounts using the percentage-of-recelvables method, assuming the company estimates 8% of receivables will not be collected. 2. Record the adjusting entry for uncollectible accounts using the percentage-of-credit-sales method, assuming the company estimates 4% of credit sales will not be collected. Journal entry worksheet 2. Pecord the adjusting entry for uncollectible accounts using the percentage-of receivables method, assuming the company estimates 8% of receivables will not be collected. Note inter debits before credits: Journal entry worksheet Record the adjusting entry for uncollectible accounts using the percentage-ofreceivables method, assuming the company estimates 8% of receivables will not be collected. Note: Enter debits before credits. Journal entry worksheet Record the adjusting entry for uncollectible accounts using the percentage-ofcredit-sales method, assuming the company estimates 4% of credit sales will not be collected. Note: Enter debits before credits