Mazle Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $86,000, 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 $1.462 credit balance before the adjustment (b) a $430 debit balance before the adjustment 1:37:33 View transaction list SDK Journal entry worksheet nt ant Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $1,462 credit balance before the adjustment. Note: Enter debits before credits Transaction (a) General Journal Debit Credit Record entry Clear entry View general Journal 6 Help Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $86,000, 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 $1,462 credit balance before the adjustment (b) a $430 debit balance before the adjustment. 3324 View transaction list Dook D H Journal entry worksheet Print Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $450 debt balance before the adjustment Note: Enter debitorer Transaction (b) General Journal Debit Crede Record entry Clear entry View general journal