P6-2 (Algo) Recording Bad Debts and Interpreting Disclosure of Allowance for Doubtful Accounts LO6-2

General Foundry, Incorporated, is a leading global manufacturer and marketer of branded consumer foods sold through retail stores. It recently disclosed the following information concerning the Allowance for Doubtful Accounts on its Form 10-K Annual Report submitted to the Securities and Exchange Commission.

A summary of the Allowance for Doubtful Accounts is as follows (dollars in millions):

Required:

1. Record summary journal entries related to bad debts for Year 3.

Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions.