Miller Foods Corporation was formed in 2015 with the merger of Toshamo Corporation and Grouch Mayor Companies. The company reported the following rounded amounts for the year ended December 29, 2018 (all amounts in millions Delts Credits Accounts Receivable $2,100 Allance for Doubtral Accounts 520 Sales (all on credit) 15,00 Required: 1. Assume Miller Foods uses 1/2 of 1 percent of sales to estimate ins Bad Debt Expense for the year. Prepare the adjusting journal entry required for the year, assuming no Bed Debt Expense has been recorded yet 2. Assume instead Miler Foods uses the aging of accounts receivable method and estimates that 571 of its Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at December 29, 2018, for recording Bod Debt Expense 3. Assume instead Miler Foods's uses the aging of accounts receivable method and estimates that 571 of its Accounts Receivable wit be uncollectible Prepare the adjusting journal enty required at December 29, 2018, for recording Bad Debt Expense assuming Miller Foods' unadjusted balance in Allowance for Doubtful Accounts at December 29, 2018, was a debit balance of 532 4. If one of Miller Foods customers declared bankruptcy, what journal entry would be used to write off its 520 balance Complete this question by entering your answers in the tales below. Het Hequired ured Required Assume Miller Foods uses 1/2 of 1 percent of sales to estimate it ad Debt Expense for the year, Prepare the adjusting Journal entry required for the year, assuming no Bad Debt Expense has been recorded yet if noortrysyired for transactiovevent, select Joma Entry Required in the counterfer your answers in on 10,000,000 should be entered 10. Round your anwers to the nearest whole number Vww Journal entry worksheet 1 > Record the entry for bad debt ene under the percentage of credit sales method Miller Foods Corporation was formed in 2015 with the merger of Tashamo Corporation and Grouch Mayor Companies. The company reported the following rounded amounts for the year ended December 29, 2018 (all amounts in millions) 18,100 Debits Credits Accounts Receivable $ 1,100 Allowance for Doubtful Accounts $ 28 Sales (assume all on credit) Required: 1. Assume Miller Foods uses 1/2 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 Miller Foods uses the aging of accounts receivable method and estimates that 571 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 Miller Foods's uses the aging of accounts receivable method and estimates that 571 of its Accounts Receivable will be uncollectible. Prepare the adjusting Journal entry required at December 29, 2018, for recording Bad Debt Expense assuming Miller Foods's unadjusted balance in Allowance for Doubtful Accounts at December 29, 2018, was a debit balance of $32 4. If one of Miller Foods's customers declared bankruptcy, what journal entry would be used to write off its $20 balance? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required 4 Assume Miller Foods uses 1/2 of 1 percent of sales to estimate its Bad Debt Expense for the year. Prepare the adjusting Joumat entry required for the year, assuming no Bad Debt Expense has been recorded yet. (lyo antry is required for a transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in million 10,000,000 should be entered as 10). Round your answers to the nearest whole number.) Show less