Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $63,000, 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 $1,071 credit balance before the adjustment. (b) a $315 debit balance before the adjustment.

A. Dr Bad debt expense $2,079

Cr To Allowance for Doubtful Accounts

$2,079

B. Dr Bad debt expense $3,465

Cr To Allowance for Doubtful Accounts $3,465

Explanation:

(a) Preparation of the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: a $1,071 credit balance before the adjustment

Dr Bad debt expense $2,079

Cr To Allowance for Doubtful Accounts $2,079

(Being bad debt expense recorded)

Bad debt expense= (Outstanding accounts receivable × uncollectible percentage) - Credit balance

Bad debt expense= ($63,000 × 5%) - $1,071

Bad debt expense= $3,150 - $1,071

Bad debt expense= $2,079

(b) Preparation of the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has:a $315 debit balance before the adjustment.

Dr Bad debt expense $3,465

Cr To Allowance for Doubtful Accounts $3,465

(Being bad debt expense recorded)

Bad debt expense= (Outstanding accounts receivable × uncollectible percentage) - Dredit balance

Bad debt expense= ($63,000 × 5%) - $315

Bad debt expense= $3,150 -+ $315

Bad debt expense= $3,465

employees use applications that are uniformed so that they are able to look over them more quickly because the do not want to spend a long time reading through the applications so they get all the infomation that the are looking for on the application they made so the do not have to read about unnessacary infomaton. so to make it simple it them find the person that they want to hirer faster with out wasting time.

i hope this i spelt things wrong i believe but this is why

mark me brainliest.

this website has me so much feel free to keep asking questions

if i need to borrow money for anything, it would be for something like a house or an apartment but, that depend on the situation.

is this good enough?