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Mazie Supply Company uses the percent of accounts recelvable method. On December 31 , it has outstanding accounts receivable of $78,500, and it estimates that 2% 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 $1,335 credit balance before the adjustment: (b) a $393 debit balance before the adjustment. Journal entry worksheet 2 Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a 51,335 credit balance before the adjustment. Noter enter debits before credss. Mazie Supply Company uses the percent of accounts recelvable method. On December 31 , it has outstanding accounts receivable of $78,500, and it estimates that 2% 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 $1,335 credit balance before the adjustment. (b) a $393 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 $393 debit balance before the adjustment. Note: Enter debits before crests

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