Assume instead that Kraft Heinz uses the aging of accounts receivable method and estimates that $$318$ million of its Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at December $31,2020,$ 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.$)$

Journal entry worksheet

A

Record the Bad debts expenses.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1.,,,],[,,,],[,,,],[,,,],[,,,]]$

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