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 $55,000, and it estimates that 2% 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: the adjustment (a) a $415 credit balance (b) a $291 debit balance before the adjustment. 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 $415 credit balance before the adjustment. Note: Ent before credits nsaction Debit Credit K Prev 7 of 16 Next