6-12 Recording and Reporting a Bad Debt Estimate Using Aging Analysis 1062 Casilda Company uses the ging approach to estimated debt expense. The ending balance of each account recevable aged on the base of the time perioden flottir1.2010 days past du, 514,300, and more than 180 day past duo. 34500. Experience has shown tha forcach age group, the averloss rate on the west of the reviour and Gent) pere. (2) 11 percent, and ) 1 percent, respectively Al December 31, end of the current year, the lowance for bottled Account balance in stored for the end Required: 1. Prepare the proprie bad debt expense acusting journal entry for the current year, if no antry is required for a transaction eventuelect "No journal entry required in the first second Viri at Journal entry worksheet Record the adjusting journal entry for bad debt expense. D Dental Journal Dalt December 31 View general journal Clos entry cd try 2. Show how the various accounts related to accounts receivable should be shown on the December at current year, balance sheet. (Amounts to be deducted should be indicated by a mine sig CASILDA COMPANY Partial Balance sheet As of December 31 Aceivable net of allowance for double accounts Hints References Book & Resources