At each calendar year-end, Mazle Supply Co. uses the percent of accounts recelvable method to estimate bad debts. On December 31, 2017, It has outstanding accounts receivable of $58,000, 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 $986 credit balance before the adjustment. (b)a $290 debit balance before the adjustment. Journal entry worksheet Prepare the adjusting entry to record bad debts expense for year 2017 under the assumption that the Allowance for Doubtful Accounts has a $986 credit balance before the adjustment. General Journal DebltCredit K Prev 10 of 17l Next >