Kraft Foods Inc. is the second-largest food company in the world. Assume the company recently reported the following amounts in its unadjusted trial balance (in millions) as of December 31, 2017:

	Debits			Credits
Accounts Receivable	$	6,320
Allowance for Doubtful Accounts				$	200
Sales (assume all on credit)					52,850

2. Assume instead that Kraft uses the aging of accounts receivable method and estimates that $340 million of its Accounts Receivable will be uncollectable. Prepare the adjusting journal entry required at December 31, 2017, 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.) View transaction list Journal entry worksheet Record the Bad debts expenses. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 3. Assume instead that Kraft uses the aging of accounts receivable method and estimates that $340 million of its Accounts Receivable will be uncollectable. Also, assume that the unadjusted balance in Kraft's Allowance for Doubtful Accounts at December 31, 2017, was a dcbit balance of $28 million. Prepare the adjusting journal entry required at December 31, 2017, for recording bad debt cxpcnse. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions.) View transaction list Journal entry worksheet Record the Bad debts expenses. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 4. If one of Kraft's main customers declared bankruptcy in 2018, what journal entry would be used to write off its $20 million balance? (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions.) View transaction list Journal entry worksheet Record the entry to write-off the uncollectable account. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal