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 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 $1,114 credit balance before the adjustment (b) a $328 debit balance before the adjustment. Transaction Debit Credit No 1 Answer is complete but not entirely correct. General Journal Bad debts expense Allowance for doubtful accounts 2.293 O 2,293 2.293 2 (b) Bad debts expenso Allowance for doubtful accounts 2.293