Mazie Supply Company uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $147,000, and it estimates that 3% 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 $2,499 credit balance before the adjustment. (b) a $735 debit balance before the adjustment. View transaction list 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 $2,499 credit balance before the adjustment. Note: Enter debits before credits. Transaction i (e) General Journal Debit Credit 25 nces Mazie Supply Company uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $147,000, and it estimates that 3% 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 $2,499 credit balance before the adjustment. (b) a $735 debit balance before the adjustment. View transaction list Journal entry worksheet < 1 2 Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $735 debit balance before the adjustment. Note: Enter debits before credits. Transaction General Journal Debit Credit (b)