n Casida Company uses the aging approach to 5bmate bad debt expense. The ending balanc of each account receivable s aged on he bas s ofthree trre perods 85 follows (1) not yet du e S50. 30 up to 180 dayB past due $14.300 and 3 more than 180 days pasl d $5 4 0 xper ence has shown that or each a e group. he avera e loss rate on the ano t ofthe roceivables a year end due to collectibility is 1 13 percent 2) 13 percent, and '3 32 per n es ecti el At December 31 en of the cument year the Al ance for Doubtful Acco a balance is $500 re t befo e he end-of-period ad u ting entry a Required 1. Prepare the appropnate bad debt expense d using lournal em tor the current year. If no entry is required for transaction event select No lournal entry required in the first account field. ) Journal entry worksheet Racord the sdyusting yournsl entry for bnd debt pense Record entry Clear entry ew general joumal 2. Show hoer the various accounts related to accounts recelvable should be shon on the December 31 cument year, balance sheet (Amounts to be deducted should be i indicated by a minussign Parial Balance sheet As of for doubtul