Exercise 7-17 Accounting for bad debts following IFRS LO P2 Hitachi, Ltd, reports total revenues of X9,616,202 million for its current fiscal year, and its current fiscal year-end unadjusted trial balance reports a debit balance for trade receivables (gross) of Y2797,935 million. a. Prepare the adjusting entry to record its bad debts expense assuming uncollectibles are estimated to be 0.4% of total revenues and its unadjusted trial bala orts a credit balance of 10,000 million for the allowance for doubtful accounts. b. Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be 20% of year-end trade receivables (gross) and its unadjusted trial balance reports a credit balance of *10,000 million for the allowance for doubtful accounts. (Round your final answers to nearest whole dollar. Enter your answers in millions.) Journal entry worksheet Record the estimated bad debts. Note: Enter debits before credts General Journal Debit Credit Transaction a