Sub 4 He Save Casida Company uses the aging approach to estimate bad debt expense. The ending balance of each account recevable is aged on the basis of three time periods as follows to not yet due $50,400,2 up to 180 days past de $15.800, and more than 10 days past due, 55,600. Experience has shown that for each age group, the average loss rate on the amount of the receivables a year end due to uncollectibility is (1) 2 percent. (2) 13 percent, and 3) 30 percent, respectively Al December 3t the end of the content year, the Allowance for Doubtful Accounts balance is $100 credit before the end of period dusting entry is made Required: 1. Prepare Casilda's appropriate bad debt expense adjusting entry for the current you 2. Show how the various accounts related to accounts receivable should be shown on the December 3, curent year, Datance sheet 23 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate bad debit axpense adjusting entry for the current year. ne entry are for a transactieve, se Journal entry required in the first account View transaction lit Journal entry worksheet Record the adjusting oumat entry for bad debt expense Me 4025 Casilda Company uses the aging approach to estimate bad debt expense. The ending balance of each account recevables aged on the basis of three time periods as follows: (1) not yet due, $50.400.12) up to 180 days past due, $15.800; and (3) more than 180 days past oue, 55,500. 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 (1) 2 percent. (2) 13 percent, and (3) 30 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 Casilda's 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 31current year, balance sheet Complete this question by entering your answers in the tabs below. Required Required 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 Partia Basha As of December 31 (Recured