At each calendar year-end, Mazle Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31, 2017, it has outstanding accounts receivable of $89,500, 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: (a) a $1.522 credit balance before the adjustment b) a $448 debit balance before the adjustment. View transaction list Journal entry worksheet 1 2 Prepare the adjusting entry to record bad debts expense for year 2017 under the assumption that the Allowance for Doubtful Accounts has a $1,522 credit balance before the adjustment. Note Enter debits before credits Transaction (a) General Journal Debit Credit