Mazie Supply Co. uses the percent of accounts receivable method On December 31, it has outstanding accounts receivable of $116,500, and it estimates that 5% 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 $1,981 credit balance before the adjustment. (b) a $583 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 $1,981 credit balance before the adjustment. Note: Enter debits before credits General Journal Transaction (a) Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet