Mazie Supply Company uses the percent of accounts receivable method On December 31, it has outstanding accounts receivable of $118,000, 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 $2,006 credit balance before the adjustment (b) a $590 debit balance before the adjustment. View transaction list X der the dit 1 Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $2,006 credit balance before the adjustment. 2. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $590 debit balance before the adjustment Credit Note - Journal entry has been entered Record entry Clear entry View general Journal