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, $51,200, (2) up to 180 days past due, $14,500, and (3) more than 180 days past due, $5,500. Experience has shown that for each age group the average loss rate on he amount o he receivables a year-end due t unco ectibi yis 3 percent, 2 13 percent and a 31 percent, respectiveA 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. Required 1. Prepare the appropriate bad debt expense adjusting journal entry for the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit December 31 Bad debt expense Allowance for doubtful accounts