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Mazie Supply Company uses the percent of accounts receivable method. On December 31 , it has outstanding accounts receivable o $112,500, and it estimates that

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Mazie Supply Company uses the percent of accounts receivable method. On December 31 , it has outstanding accounts receivable o $112,500, and it estimates that 6% 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 $1,913 credit balance before the adjustment. (b) a \$563 debit balance before the adjustment. Journal entry worksheet Prepare the year-end adjusting entry to record bad debte expense under the assumption that the Allowance for Doubtful Accounts has a \$1,913 credit balance before the adjustment. Note: Enter debits before credits

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