E6-12 Recording and Reporting a Bad Debt Estimate Using Aging Analysis LO6-2 Casida Company uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, 551,200.(2) up to 180 percent, (2) 11 percent, and (3) 31 percent, respectively. At December 31, end of the current year, the Alowance for Doubtful Accounts balance is $800 (crede) before the end of period adjusting entry is made 1. Prepare the appropriate bad debt expenso acusting journal entry for the current year. it no entry is required for a transaction event, select "No joumal entry required" in the first account fold) View transaction lit Journal entry worksheet Record the adjusting journal entry for bad debt expense Debit Credit Dale December 31 General Journal Bad de expert Allowance for doubtlul accounts Clear entry View general journal 2. Show how the various accounts related to accounts receivable should be shown on the December 31 current year, balance sheet. (Amounts to be deducted should be indicated by a minus sign.) CASILDA COMPANY Partial Balance sheet As of December 31 Accounts receivable Allowance for doubtful accounts Accounts receivable net of allowance for doubtful accounts