Mazie Supply Company uses the percent of accounts receivable method. On December 31 , it has outstanding accounts receivable of $127,500, 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 Accounts has: a) a $2,168 credit balance before the adjustment. b) a $638 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 $2,168 credit balance before the adjustment. Note: Enter debits before credits. 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 $638 debit balance before the adjustment. Note: Enter debits before credits 
Other questions asked by students
Basic Math
Civil Engineering
General Management
Accounting
Statistics
Calculus
Accounting
Accounting
Accounting