remaining Time: 1 hour, 28 minutes, 18 seconds. Question Completion Status: 1 2 3 4 Click Submit to complete this assessment. Question 4 of 4 Question 4 10 points Save As Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $122,500, and it estimates that 5% will be uncollectible. In addition, the company reports the following results for its calendar year. Cash sales $ 225,000 Credit sales $ 110,000 Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: (a) a $2,083 credit balance before the adjustment. (b) a $613 debit balance before the adjustment. (c) Bad debts are estimated to be 2.5% of credit sales (d) Bad debts are estimated to be 1.5% of total sales. 3 (12pt) T.-E.. TT T Arial