2 journal entry's required

At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31, 2015, it has outstanding accounts receivable of $58,500, and it estimates that 2% will be uncollectible. Prepare the adjusting entry to record bad debts expense for year 2015 under the assumption that the Allowance for Doubtful Accounts has: for year 2015 under the asumption that the (a) a $995 credit balance before the adjustment (b) a $293 debit balance before the adjustment. view general journal Journal Entry Worksheet Prepare the adjusting entry to record bad debts expense for year 2015 under the assumption that the Allowance for Doubtful Accounts has a $995 credit balance before the adjustment. Transaction General Journal Debit Credit *Enter debits before credits clear entry record entry