Casilda Company uses the aging approach to estimate bad debt expense the ending balance of each account receivable is aged on me basis of three time periods as follows not yet due $50.100. up to 180 days past due $15.300 and more than 180 days past due $4 100 Experience has shown that for each age group the average loss rate on the amount of the receivables at year-end due to uncollectibility is percent, 11 percent and 31 percent respectively At December 31 end of the current year the Allowance for Doubtful Accounts balance is $400 (credit) before the end-of-period adjusting entry is made 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.) Record the adjusting journal entry for bad debt expense. 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.)