Mezie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $77,000, and it estimates that 3% 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 $1,309 credit balance before the adjustment a $385 debit balance before the adjustment View transaction fist Journal entry worksheet 1 2 Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $1,309 credit balance before the adjustment Note: Enter debits before credits. General Journal Debit Credit Transaction () Record entry Clear entry View general journal Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $77.000, and it estimates that 3% 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 $1,309 credit balance before the adjustment b) a $385 debit balance before the adjustment. View transaction list Journal entry worksheet