I. Assume Kraft Heinz uses of 1 percent of sales to estimate its Bad Debt Expense for the year. Prepare the adjusting journal entry 2. Assume instead Kraft Heinz uses the aging of accounts receivable method and estimates that $80 of its Accounts Receivable will be 3. Prepare the journal entry for unadjusted balance in Kraft Heinz's Allowance for Doubtful Accounts at January 3, 2016, was a debit 4. If one of Kraft Heinz's customers declared bankruptcy, what journal entry would be used to write off its $15 balance? required for the year, assuming no Bad Debt Expense has been recorded yet. uncollectible. Prepare the adjusting journal entry required at January 3, 2016, for recording Bad Debt Expense balance of $20 Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4 Assume Kraft Heinz uses 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. (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.) Assume Kraft Heinz uses a 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. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions (Le., 10,000,000 should be entered as 10). Round your answers to the nearest whole number.) Show less A View transaction list Journal entry worksheet Record the entry for bad debt expenses under the percentage of credit sales method Note: Enter debits before credits Date General Journal Debit Credit January 03, 2016 View transaction list 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 Debit Credit January 03, 2016 Journal entry workshee Record the adjusting entry for bad debts as of January 3, 2016 using the aging of accounts receivable method. Note: Enter debits before credits. General Journal Debit Credit Date January 03, 2016 Record entry Clear entry View general journal Journal entry worksheet Record the write-off of a certain customer account totaling $15 which is not collectible due to bankruptcy declared by the customer Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal I. Assume Kraft Heinz uses of 1 percent of sales to estimate its Bad Debt Expense for the year. Prepare the adjusting journal entry 2. Assume instead Kraft Heinz uses the aging of accounts receivable method and estimates that $80 of its Accounts Receivable will be 3. Prepare the journal entry for unadjusted balance in Kraft Heinz's Allowance for Doubtful Accounts at January 3, 2016, was a debit 4. If one of Kraft Heinz's customers declared bankruptcy, what journal entry would be used to write off its $15 balance? required for the year, assuming no Bad Debt Expense has been recorded yet. uncollectible. Prepare the adjusting journal entry required at January 3, 2016, for recording Bad Debt Expense balance of $20 Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4 Assume Kraft Heinz uses 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. (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.) Assume Kraft Heinz uses a 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. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions (Le., 10,000,000 should be entered as 10). Round your answers to the nearest whole number.) Show less A View transaction list Journal entry worksheet Record the entry for bad debt expenses under the percentage of credit sales method Note: Enter debits before credits Date General Journal Debit Credit January 03, 2016 View transaction list 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 Debit Credit January 03, 2016 Journal entry workshee Record the adjusting entry for bad debts as of January 3, 2016 using the aging of accounts receivable method. Note: Enter debits before credits. General Journal Debit Credit Date January 03, 2016 Record entry Clear entry View general journal Journal entry worksheet Record the write-off of a certain customer account totaling $15 which is not collectible due to bankruptcy declared by the customer Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal