At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31, it has outstanding accounts receivable of $83,000, and it estimates that 6% will be uncollectible. Prepare the adjusting entry to record bad debts expense for the year ended December 31 under the assumption that the Allowance for Doubtful Accounts has: (a) a $1,411 credit balance before the adjustment. (b) a $415 debit balance before the adjustment View transaction list Journal entry worksheet 2 1 Prepare the adjusting entry to record bad debts expense for the year ended December 31 under the assumption that the Allowance for Doubtful Accounts has a $1,411 credit balance before the adjustment Note: Enter debits before credits General Journal Debit Credit Date Dec. 31 Record entry Clear entry View general journal View transaction list Journal entry worksheet zon