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6 Mazle Supply Company uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $117.500, and it estimates that
6 Mazle Supply Company uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $117.500, and it estimates that 5% will be uncollectible. 10 pers Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: (a) a $1,998 credit balance before the adjustment. (b) a $588 debit balance before the adjustment. AN View transaction list Hint Journal entry worksheet Mant References Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $1,998 credit balance before the adjustment. Note: Enter dehits before credits. Transaction General Journal Debit Credit (a) Record entry Clear entry View general Journal
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