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 $141,500, 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: (a) a $2,406 credit balance before the adjustment. (b) a $708 debit balance before the adjustment. View trargaction list Prepare the adjusting entry to record bad debts expense for year 2017 under the assumption that the Allowance for Doubtful Accounts has a $2,406 credit balance before the adjustment. 1 under debit 2 Prepare the adjusting entry to record bad debts expense for year 2017 under the assumption that the Allowance for Doubtful Accounts has a $708 debit balance before the adjustment. Credit Note:journal entry has been entered Record entry Clear entry View general journal