Jay Z Productions uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $87,000, and it estimates that 4% 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 $1,479 credit balance before the adjustment (b) a $435 debit balance before the adjustment. View transaction filet 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 $1,479 credit balance before the adjustment Note Enter debits before credits General Journal Transaction (a) Debit Credit Racord entre Clear ents View general Journal Journal entry worksheet