Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $65,500, 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 $1,114 credit balance before the adjustment (b) a $328 debit balance before the adjustment View transaction list Journal entry worksheet ES Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $1,114 credit balance before the adjustment. Note: Enter debits before credits. Transaction General Journal Debit Credit Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $65,500, 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 $1,114 credit balance before the adjustment. (b) a $328 debit balance before the adjustment View transaction list Journal entry worksheet Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $328 debit balance before the adjustment. Note: Enter debits before credits. General Journal Debit Credit Transaction (b)