Mazie Supply Co. uses the percent of accounts receivable method On December 31, it has outstanding accounts receivable of $61,500, 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 $1,046 credit balance before the adjustment (b) a $308 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 $1,046 credit balance before the adjustment. Note: Enter debits before credits 1 2 > Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $1,046 credit balance before the adjustment. Note: Enter debits before credits. Transaction General Journal Debit Credit (a) + Record entry Clear entry View general Journal Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $308 debit balance before the adjustment Note: Enter debits before credits. Transaction General Journal Debit Credit (b) Record entry Clear entry View general Journal