Mazie Supply Co. uses the percent of accounts receivable method On December 31. It has outstanding accounts receivable of $112,000, 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 $1,904 credit balance before the adjustment (b) a $560 debit balance before the adjustment. View transaction fist Journal entry worksheet 2 Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $1,904 credit balance before the adjustment. Note: Enter debits before credits Transaction (a) General Journal Debit Credit Record entry Clear entry View general journal