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1 At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31, 2017, it has

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1 At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31, 2017, it has outstanding accounts receivable of $143,500, and it estimates that 3% will be uncollectible. Prepare the adjusting entry to record bad debts expense for year 2017 under the assumption that the Allowance for Doubtful Accounts has: ints (a) a $2,440 credit balance before the adjustment (b)a $718 debit balance before the adjustment. eBook Hint View transaction list Print References Journal entry worksheet 2 Prepare the adjusting entry to record bad debts expense for year 2017 under the assumption that the Allowance for Doubtful Accounts has a $2,440 credit balance before the adjustment. Note: Enter debits before credits Transaction Debit General Journal Credit (a) Database Find...moel Library Coastal Car0...COdslaluITe Appie Bing Homepage - ACc-101-101- Accounting Principle Event - Paylocity.com pter 9 Saved View transaction list Journal entry worksheet K 1 2 Prepare the adjusting entry to record bad debts expense for year 2017 under the assumption that the Allowance for Doubtful Accounts has a $718 debit balance before the adjustment. Note: Enter debits before credits. Transaction General Journal Debit Credit (b) Record entry Clear entry View general journal

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