Casilda 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, $51,300 of which 3 percent is estimated to be uncollectible

(2) up to 180 days past due, $14,900 of which 11 percent is estimated to be uncollectible, and

(3) more than 180 days past due, $5,400 of which 31 percent is estimated to be uncollectible.

At December 31, end of the current year, the Allowance for Doubtful Accounts balance is $300 (credit) before the end-of-period adjusting entry is made.

View transaction list Journal entry worksheet 1 > Record the adjusting journal entry for bad debt expense. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Bad debt expense Allowance for doubtful accounts Record entry 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 0