Mazie Supply Company uses the percent of accounts receivable method. On December 31, it has outstanding...

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Mazie Supply Company uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $130,000, and it estimates that 5% 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 $2,210 credit balance before the adjustment. (b) a $650 debit balance before the adjustment. View transaction list Journal entry worksheet 1 2 Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $2,210 credit balance before the adjustment. Note: Enter debits before credits. Transaction (a) General Journal Debit Credit View general journal Record entry Clear entry > Mazie Supply Company uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $130,000, and it estimates that 5% 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 $2,210 credit balance before the adjustment. (b) a $650 debit balance before the adjustment. View transaction list Journal entry worksheet < 1 2 Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $650 debit balance before the adjustment. Note: Enter debits before credits. Transaction (b) General Journal Debit Credit View general journal Record entry Clear entry Mazie Supply Company uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $130,000, and it estimates that 5% 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 $2,210 credit balance before the adjustment. (b) a $650 debit balance before the adjustment. View transaction list Journal entry worksheet 1 2 Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $2,210 credit balance before the adjustment. Note: Enter debits before credits. Transaction (a) General Journal Debit Credit View general journal Record entry Clear entry > Mazie Supply Company uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $130,000, and it estimates that 5% 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 $2,210 credit balance before the adjustment. (b) a $650 debit balance before the adjustment. View transaction list Journal entry worksheet < 1 2 Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a $650 debit balance before the adjustment. Note: Enter debits before credits. Transaction (b) General Journal Debit Credit View general journal Record entry Clear entry