PWW Foods Incorporated was formed in 2015 with the merger of Boyd Companies and B&H Corporation. The company reported the Yollowing rounded amounts for the year ended December 29, 2018 (all amounts in millions): Debits Credits Accounts Receivable $ 1,060 Allowance for Doubtful Accounts $ 24 Sales (assume all on credit) 17.000 Required: 1. Assume PWW Foods uses 14 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 PWW Foods uses the aging of accounts receivable method and estimates that $75 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 PWW Foods's uses the aging of accounts receivable method and estimates that $75 of its Accounts Receivable will be uncollectible. Prepare the adjusting joumal entry required at December 29, 2018, for recording Bad Debt Expense assuming PWW Foods's unadjusted balance in Allowance for Doubtful Accounts at December 29, 2018, was a debit balance of $36. 4. If one of PWw Foods's customers declared bankruptcy, what journal entry would be used to write off its $10 balance? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Assume instead PWW Foods uses the aging of accounts receivable method and estimates that $75 of its Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at Desember 29, 2018, 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 (e. 10,000,000 should be entered as 10). Round your answers to the nearest whole number.) Show less View transaction lit Complete this question by entering your answers in the tabs below. Required 1 Hequired 2 Required 3 Required Assume Pww Foods uses 1/4 of 1 percent of sales to estimate its Bad Debt Expense for the year. Prepare the adjusting journal entry required for the year, assuming ne 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 (L... 10,000,000 should be entered as 10). Round your answers to the nearest whole number.) Show less Debit Credit View transaction View journal entry worksheet No General Journal 7 December 29, 2018 Bed Debt Expense Allowance for Doubtful Accounts 425 425 Required 2 > Complete this question by entering your answers in the tabs below. Reque Required Red Required 4 Assume instead PWW Foods uses the aging of accounts receivable method and estimates that $75 of its Accounts Receivable will be uncollectie Prepare the adjusting journal entry required at December 29, 2018, 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 (ie. 10,000,000 should be entered as 10). Round your answers to the nearest whole numbet.) Show less View transaction et Journal entry worksheet > Record the entry for bad debt expenses under the aging of accounts receivable method Note: Enterdits before credits Dan General Journal Det Credit December 20 2018 Rewed 2 Required Assume instead ww Foods's uses the aging of accounts receivable method and estimates that $75 of its Accounts Receivable will be uncollectible Prepare the adjusting journal entry required at December 29, 2018, for recording Bad Debt Expense assuming PWW Foods > unadjusted balance in Allowance for Doubtful Accounts at December 29, 2018, was a debit balance of $36. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account held. Enter your answers in millions . 10,000,000 should be entered as 10).) Show less View transaction et Journal entry worksheet 1 > Record the adjusting entry for bad debts as of December 29, 2018 using the aging of accounts receivable method receivable method and assuming the unadjusted balance in Allowance for Doubtful Accounts at December 29, 2018, was a debit balance of $36. Note: Enter debits before credits General Journal Debit Credit Date December 29, 2018 ured Red ured If one of ww Foods customers declared bankruptcy, what journal entry would be used to write off its $10 balance? If notis required for a transaction event, Velnct 'No Jurnal Entry Required in the first account field. Enter your answers in mine 10,000,000 shibe entered as 10):) View transactions Journal entry worksheet > Record the write-off of a certain customer account totaling $10 which is not collectible due to bankruptcy declared by the customer Rotter det before orde Trabo General Journal Debit Credit cand entry Clement View onerare