Mazie Supply Company uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $100,500, 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 $1,709 credit balance before the adjustment. (b) a $503 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 $1,709 credit balance before the adjustment. Note: Enter debits before credits. Transaction (e) General Journal Debit Credit Record entry Clear entry View general journal < Prev 3 of 6 Next > 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 $503 debit balan before the adjustment. Note: Enter debits before credits. Transaction (b) General Journal Debit Credit Record entry Clear entry View general journal < Prev 3 of 6 Next >