Boyd Companies was formed in 2015 with the merger of ADF Manufacturing and Freeman Good Foods. The company reported the following rounded amounts for the year ended December 29, 2018 (all amounts in millions): Credits Debits $ 1,200 Accounts Receivable Allowance for Doubtful Accounts Sales (assume all on credit) $ 30 19, 100 Required: 1. Assume Boyd uses 3/4 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 Boyd uses the aging of accounts receivable method and estimates that $88 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 Boyd's uses the aging of accounts receivable method and estimates that $88 of its Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at December 29, 2018, for recording Bad Debt Expense assuming Boyd's unadjusted balance in Allowance for Doubtful Accounts at December 29, 2018, was a debit balance of $28. 4. If one of Boyd's customers declared bankruptcy, what journal entry would be used to write off its $10 balance? 1 Record the entry for bad debt expenses under the percentage of credit sales method. Note: Enter debits before credits. Date General Journal Debit Credit December 29, 2018 Record entry Clear entry View general journa