otomeducation.com Blackboard Learn Homework 3 - Chapters 6, 7, 88 Content SI 5.00 points At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31, 2016, it has outstanding accounts receivable of $133,000, and it estimates the 3% will be uncolectible Prepare the adjusting entry to record bad debts expense for year 2016 under the assumption that the Allowance for Doubtful Accounts has: (a) a $2,261 credit balance before the adjustment (b) a $665 debit balance before the adjustment View transaction list Journal entry worksheet Record the adjusting entry to record bad debts expense for year 2016 under the assumption that the Allowance for Doubtful Accounts has a $2,261 credit balance before the adjustment. Note: Enter debits before credits Transaction General Journal Debit Credit (a) Record entry Clear entry View general Journal MacBook Air