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At each calendar year-end, Mazie Supply Co. uses the percent of accounts recevable method to estimate bad debts, On December 31, 2017. it has outstanding

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At each calendar year-end, Mazie Supply Co. uses the percent of accounts recevable method to estimate bad debts, On December 31, 2017. it has outstanding accounts receivable of $62.500, and it estimates that 5% will be uncollectible. Prepare the adjusting entry to record bad debts expense for year 2017 under the assumption that the Allowance for Doubthul Accounts has: (a) a $1,063 credit balance before the adjustment: (b) a $313 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 $1,063 crodit balance before the adjustment. Hotel Enter debits before credte

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