Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $103,500, and it estimates that 4% will be uncollectible. 1.42 points Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: (a) a $1,760 credit balance before the adjustment. (b) a $518 debit balance before the adjustment. eBook View transaction list Hint Journal entry worksheet Print Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $1,760 credit balance before the adjustment. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal