_CH 6-11_125 pts Saved Help Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $128,000, and it estimates that 2% will be...

Extracted text: _CH 6-11_125 pts Saved Help Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $128,000, 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 $2,176 credit balance before the adjustment. (b) a $640 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 $2,176 credit balance before the adjustment. Note: Enter debits before credits. Debit Credit Transaction General Journal (a) 26 of 30 Next >