Check my w At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31, it has outstanding accounts receivable of $81,000, and it estimates that 5% will be uncollectible, Prepare the adjusting entry to record bad debts expense for the year ended December 31 under the assumption that the Allowance for Doubtful Accounts has: (a) a $1,377 credit balance before the adjustment. (b) a $405 debit balance before the adjustment. View transaction list Journal entry worksheet 2 > Prepare the adjusting entry to record bad debts expense for the year ended December 31 under the assumption that the Allowance for Doubtful Accounts has a $1,377 credit balance before the adjustment. Note: Enter debits before credits Date General Journal Debit Credit Dec. 31 Prey 1 of 5 !!! Next > Activate Windows Go to Settings to activate df o search O R E E ON