Rogala Foods Inc. was formed in 2015 with the merger of Grouch Mayer and Tashamo Corporation. The company reported the following rounded amounts for the year ended January 3, 2016 (all amounts in millions) Debits Credits Accounts Receivable Allowance for Doubtful Accounts Sales (assume all on credit) $1,090 $ 27 18,000 Required: 1. Assume Rogala uses 1/4 of 1 percent of sales to estimate its Bad Debt Expense for the year. Prepare the adjusting journal entry 2. Assume instead Rogala uses the aging of accounts receivable method and estimates that $72 of its Accounts Receivable will be 3. Prepare the journal entry for unadjusted balance in Rogala's Allowance for Dodbtful Accounts at January 3, 2016, was a debit 4. If one of Rogala'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 $33. Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required4 Assume Rogala 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 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 (I.e.,10,000,000 should be entered as 10). Round your answers to the nearest whole number.) Prey 7of9l Next> ork Saved 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 Record entry Clear entry Vis general journal Saved should be entered as 10). Round your answers to the nearest whole number.) 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 DebitCredit January 03, 2016 Clear entry View general journal Record entry F4 F7 F8 F5 F3 millions (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet Record the adjusting entry for bali debts as of January 3, 2016 using the aging of accounts receivable method Note: Enter debits before credits Date General Journal Debit Credit January 03, 2016 lournal 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