Mazle Supply Company uses the percent of accounts receivable method On December 31, it has outstanding accounts receivable of $63,500, 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 Doubtfuit Accounts has (a) a $1,080 credit balance before the adjustment. (0) a $318 debit balance before the adjustment View transaction list Journal entry worksheet