Problem Set Exercise 7-12 (Algo) Percent of accounts receivable method LO P3 Mazie Supply Co. uses the percent of accounts receivable method On December 31, it has outstanding accounts receivable of $120.500, and it estimates that 4% wil be uncollectible Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has (a) $2,049 credit balance before the adjustment $603 dobit balance before the adjustment - Journal entry worksheet Prepare the year-end adjusting entry to record bad debts epse under the assumption that the lowance for Doubtful Accounts has a 52.049 Credit balance before the adjustment Goal Journal Debit Credit Pes 1017 perere to each O