Ch 07 Homework A Exercise 7-7 Percent of accounts receivable method LO P3 Mazie Supply Co uses the percent of accounts receivable method On December 31, it has outstanding accounts receivable of $106.000, and it estimates that will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts faa $1,802 credit balance before the adjustment by a $530 debit balance before the adjustment 1 19 View transactions Journal entry worksheet Prepare the year and adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $1.002 credit balance before the adjustment Notes Enter debts before credits Transaction General Journal Debit /Crede Record entry Clear entry View general Journal