Mazie Supply Company uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $98,000, and it estimates that 4% 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 $1,666 crdit balance before the adjustment. (b) a $490 debit balance before the adjustment. View transaction list Journal entry worksheet

Mazie Supply Company uses the percent of accounts recelvable method On December 31 , it has outstanding occounts recelvable of $98.000, and it estimates that 4% will be uncollectiole. Prepare the year end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubful Accounts has (a) a \$1,666 credit balance before the adjustment (b) a $490 debit balance before the adjustment Journal entry worksheet 2 Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtul Accounts has a $1,666 credit balance before the adjustment. Notet rinter debith before credis. Journal entry worksheet Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $490 debit balance before the adjustment. Note: Enter debits before credits