A company reports the following amounts at the end of the year (before any year-end adjustment). 
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.
Definitions:
Net Increase
The difference between the current figure and the previous figure when the current figure is larger.
Financing Activities
Activities that result in changes in the size and composition of the equity capital and borrowings of an entity, including issuing shares, repaying loans, or paying dividends.
Operating Activities
Business activities directly related to the production and delivery of goods and services, generating the majority of a company's revenue and cash flows.
Statement Of Cash Flows
A financial report that shows how changes in balance sheet and income affect cash and cash equivalents.
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