Mazie Supply Co. uses the percent of accounts receivable method On December 31, it has outstanding accounts receivable of $62,000, 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 $1.054 credit balance before the adjustment (b) a $310 debit balance before the adjustment View transaction list Journal entry worksheet IN 64 F5 F6 su VO End 51 PS Prise Home % 5 01 > & 7 * 00 C 9 3 4 0 E 1 R T Y F G H JK KL Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $1,054 credit balance before the adjustment. Note: Enter debits before credits Transaction General Jornal Debit Credit (a) Record entry Clear entry View general journal arch ot 58 F4 FS Prese HOG B AZ & 3............ Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $310 debit balance before the adjustment. Note: Enter debits before credits General Journal Debit Transaction (b) Credit Record entry Clear entry View general Journal