Check my Exercise 7-7 Percent of accounts receivable method LO P3 Mazle Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $82,000, and it estimates that 4% will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accour has: (a) a $1,394 credit balance before the adjustment (b) a $410 debit balance before the adjustment. View transaction list Journal entry worksheet 1 Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $1,394 credit balance before the adjustment. Not Enter debitore Transaction General Journal Debit Credit