help please! A & B

Mazie Supply Company uses the percent of accounts receivable method On December 31, it has outstanding accounts receivable of $149,500, and it estimates that 3% will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: (a) a $2,542 credit balance before the adjustment. (b) a $748 debit balance before the adjustment 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 $2,542 credit balance before the adjustment. Note: Enter debits before credits Debit Credit Transaction (a) General Journal Bad debts expense Allowance for doubtful accounts Record entry Clearen View general journal