Mazie Supply Company uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $106,500, 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 $1,811 credit balance before the adjustment. (b) a $533 debit balance before the adjustment.

please do the journal entries

Mazie Supply Company uses the percent of accounts recelvable method. On December 31 , it has outstanding accounts recelvable of $106,500, 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 Doubtul Accounts has: (a) a $1,811 credit balance before the adjustment (b) a $533 debit balance before the odjustment. Journal entry worksheet Prepare the year-end adjusting entry to record bad debts exponse under the assumption that the Allowance for Doubtful Accounts has a $1,811 credit balance before the adfustment. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $533 debit balance before the adjustment