Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $93.000, 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 $1,581 credit balance before the adjustment (b) a $465 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 $1,581 credit balance before the adjustment. Note: Enter debits before credits Transaction (a) General Journal Debit Credit PON Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $93,000, 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 Account has (a) a $1,581 credit balance before the adjustment (b) a $465 debit balance before the adjustment. View transaction list Journal entry worksheet