A company reports the following amounts at the end of the year (before adjustment): (If no...

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A company reports the following amounts at the end of the year (before adjustment): (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Credit sales for the year Accounts receivable Allowance for uncollectible accounts Required: $127,000 35,000 2,000 (credit). 1. Record the adjusting entry for uncollectible accounts using the percentage-of-receivables method, assuming the company estimates 11% 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 3% of credit sales will not be collected. View transaction list Journal entry worksheet < 1 2 Record the adjusting entry for uncollectible accounts using the percentage-of- receivables method, assuming the company estimates 11% of receivables will not be collected. Journal entry worksheet < 1 2 Record the adjusting entry for uncollectible accounts using the percentage-of- credit-sales method, assuming the company estimates 3% of credit sales will not be collected. Note: Enter debits before credits. Event 2 General Journal Debit Credit Record entry Clear entry View general journal A company reports the following amounts at the end of the year (before adjustment): (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Credit sales for the year Accounts receivable Allowance for uncollectible accounts Required: $127,000 35,000 2,000 (credit). 1. Record the adjusting entry for uncollectible accounts using the percentage-of-receivables method, assuming the company estimates 11% 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 3% of credit sales will not be collected. View transaction list Journal entry worksheet < 1 2 Record the adjusting entry for uncollectible accounts using the percentage-of- receivables method, assuming the company estimates 11% of receivables will not be collected. Journal entry worksheet < 1 2 Record the adjusting entry for uncollectible accounts using the percentage-of- credit-sales method, assuming the company estimates 3% of credit sales will not be collected. Note: Enter debits before credits. Event 2 General Journal Debit Credit Record entry Clear entry View general journal