how do you determine the estimated percentage uncollectible?

E6-14 (Algo) Recording and Reporting a Bad Debt Estimate Using Aging Analysis LO6-2 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;; (2) up to 180 days past due, $14,100; and (3) more than 180 days post due, $4,300. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibiity is (1) 3 percent, (2) 12 percent, and (3) 32 percent, respectively. At December 31 , the end of the current year, the Allowance for Doubtful Accounts balance is $100 (credit) before the end-of-period adjusting entry is made. Required: 1. Prepare the appropriate bad debt expense adjusting entry for the current year. 2. Show how the various accounts related to accounts receivable should be shown on the December 31 , current year, balance sheet. Complete this question by entering your answers in the tabs below. Prepare the appropriate bad debt expense adjusting entry for the current year. (tf no entry is required for a transaction/event, select "No lournal entry required in the first account field.)