rcise -6 Percent of accounts receivable method LO P3 At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 1, 2017, it has outstanding accounts receivable of $83,000, and it estimates that 6% will be uncollectible Prepare the adjusting entry has: to record bad debts expense for year 2017 under the assumption that the Allowance for Doubtful Accounts (a) a $1,411 credit balance before the adjustment. (b) a $415 debit balance before the adjusunent. Journal entry worksheet Prepare the adjusting entry to record bad debts expense for year 2017 under the assumption that the Allowance for Doubtful Accounts has a $1,411 credit balance before the adjustment. Note: Enter debits before credits saction General Journal Debit Credit iew general journal Record entry