oacomnedvein.com Check my work mode: This shows whet is correct or incorract for the work you heave completed so for. It does not indicate completion Retur Exercise 9-6 Percent of accounts receivable method LO P3 At each calendar year end, Mazie Supply Co uses the percent of accounts recetvable method to estinate bad debts. On December 31, 2017, it has outstanding accounts receivable or s55000, and it estrates that 2% will be uncollectible Prepare the adjusting entry to record bad debts expense for year 2017 under the assumption that the Allowance for Doubtful Accounts has: (aa $415 credt balance before the adjustment (bja $291 debit balance before the adjustment. 3 Answer is complete but not entirely correct. No Transaction General Journal Debit Credit Bad debts expense 1,100 Allowance for doubtlul accounts 1.100 8 Bad debts cexpense Allowance for doubtul accounts 291 8 k Prev 4 f 12Next >