Check my work 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 $55,000, and it estimates that 2% 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 as a) a $415 credit balance before the adjustment a $291 debit balance before the ad ustment View transaction list Journal entry worksheet Prepare the adjusting entry to record bad de expense for the year ended December 31 under the assumption that the Allowance for Doubtful Accounts has a 1415 credit balance before the adjustment General Journal | Debin Credin