Mazie Supply Co. uses the percent of accounts receivable method On December 31, it has outstanding accounts receivable of $119,500, and it estimates that 2% 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 $2,032 credit balance before the adjustment (b) a $598 debit balance before the adjustment View transaction list Journal entry worksheet