Mazie Supply Co. uses the percent of accounts receivable method On December 31, it has outstanding accounts receivable of $101,500, 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 $1,726 credit balance before the adjustment (b) a $508 debit balance before the adjustment View transaction fiet 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 $1,726 credit balance before the adjustment. Note: Enter debits before credits General Journal Dubit Credit Transaction (a)