Mazle Supply Company uses the percent of accounts receivable method. On December 31, It has outstanding accounts receivable of $59,000, 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: (8) a $1,003 credit balance before the adjustment. (bj a $295 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 $1,003 credit balance before the adjustment. Note: Enter debits before credits. Transaction General Journal Debit Credit (B) Record entry View general journal Clear entry1 Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $1,003 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 $295 debit balance before the adjustment