ADF Manufacturing was formed in 2015 with the merger of Miller Foods Corporation and Rogala Foods Incorporated. The company reported the following rounded amounts for the year ended December 29, 2018 (all amounts in millions):

	Debits	Credits
Accounts Receivable	$ 1,220
Allowance for Doubtful Accounts		$ 51
Sales (assume all on credit)		20,000

Required:

1. Assume ADF uses 1/4 of 1 percent of sales to estimate its Bad Debt Expense for the year. Prepare the adjusting journal entry required for the year, assuming no Bad Debt Expense has been recorded yet.

2. Assume instead ADF uses the aging of accounts receivable method and estimates that $90 of its Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at December 29, 2018, for recording Bad Debt Expense.

3. Assume instead ADFs uses the aging of accounts receivable method and estimates that $90 of its Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at December 29, 2018, for recording Bad Debt Expense assuming ADFs unadjusted balance in Allowance for Doubtful Accounts at December 29, 2018, was a debit balance of $30.

4. If one of ADFs customers declared bankruptcy, what journal entry would be used to write off its $15 balance?

1 ponts PH Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Assume ADF uses 1/4 of 1 percent of sales to estimate its Bad Debt Expense for the year. Prepare the adjusting journal entry required for the year, assuming no Bed Debt Expense has been recorded yet. (If no egtry is required for a transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in millions (.e.110,000,000 should be entered as 10). Round your answers to the nearest whole number) Show less View transaction list Journal entry worksheet Record the entry for bad debt expenses under the percentage of credit sales method. Note Enter debts before credits Date General Journal Debit Crede December 29, 2018 1 5 points Book Print References Required 1 Required 2 Required 3 Required 4 Assume instead ADF uses the aging of accounts receivable method and estimates that $90 of its Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at December 29, 2018, for recording Bad Debt Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in millions (e. 10,000,000 should be entered as 10). Round your answers to the nearest whole number) Show less View transaction ist Journal entry worksheet Record the entry for bad debt expenses under the aging of accounts receivable method. Note: Enter debits before credits Date General Journal Debid Credit December 29, 2018 COMENT Basculant .***. Nort 1 5 points ellook References entered as 10.1 View transaction list Journal entry worksheet Record the adjusting entry for bad debts as of December 29, 2018 using the aging of accounts receivable method receivable method and assuming the unadjusted balance in Allowance for Doubtful Accounts at December 29, 2018, was a debit balance of $30. Note: Enter debits before credits. Date General Journal Debit Credit December 29, 2018 clear antry View general journal Required 4 > Record entry