Rers 7-9 Saved Mazie Supply Co. uses the percent of accounts receivable method On December 31, it has outstanding accounts receivable of $137,500, and it estimates that 3% will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has (a) a $2,338 credit balance before the adjustment (b) a $688 debit balance before the adjustment Journal entry worksheet Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $2,338 credit balance before the adjustment. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal apters 7-9 0 Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $137.500, and it estimates that 3% will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: (a) a $2,338 credit balance before the adjustment. (b) a $688 debit balance before the adjustment. View transaction list Journal entry worksheet Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $688 debit balance before the adjustment. Note: Enter debits before credits General Journal Debit Credit Transaction (6) Record entry Clear entry View general Jornal