Mazle Supply Company uses the percent of accounts recelvable method. On December 31 , it has outstanding accounts recelvable of $62,000, 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: (d) a \$1,054 credit balance before the adjustment. (b) a $310 deblt balance before the adjustment. 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 $1,054 credit balance before the adjustment. Note: Enter debits before credits. Mazle Supply Company uses the percent of accounts recelvable method. On December 31 , it has outstanding accounts recelvable of $62,000, 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 \$1,054 credit balance before the adjustment. (b) a $310 deblt balance before the adjustment. 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 $310 debit balance before the adjustment. Note: Enter debits before credits