Chapter 7 - Connect 7 10 points Saved Mazie Supply Company uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $148,500, and it estimates that 2% will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts eBook has: (a) a $2,525 credit balance before the adjustment. (b) a $743 debit balance before the adjustment. Hint View transaction list Journal entry worksheet Print < 1 2 References Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $2,525 credit balance before the adjustment. Note: Enter debits before credits. Transaction General Journal Debit Credit Mc Graw Hill (a) Record entry Clear entry View general journal < Prev 7 of 8 Next > Help Save & Exit Submit Check my work Chapter 7 - Connect 7 10 points Saved Help Save & Exit Submit Mazie Supply Company uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $148,500, and it estimates that 2% will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts eBook has: (a) a $2,525 credit balance before the adjustment. (b) a $743 debit balance before the adjustment. Hint Print References Mc Graw Hill View transaction list Journal entry worksheet < 1 2 Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $743 debit balance before the adjustment. Note: Enter debits before credits. Transaction (b) General Journal Debit Credit Record entry Clear entry View general journal < Prev 7 of 8 Next > Check my work