Tashamo Corporation was formed in $2015$ with the merger of PWW Foods Incorporated and Henderson Incorporated. The company

reported the following rounded amounts for the year ended December $29,2018($all amounts in millions$)$:

Required:

Assume Tashamo uses $\frac{1}{4}$ 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.

Assume instead Tashamo uses the aging of accounts receivable method and estimates that $$84$ of its Accounts Receivable will be

uncollectible. Prepare the adjusting journal entry required at December $29,2018,$ for recording Bad Debt Expense.

Assume instead Tashamo's uses the aging of accounts receivable method and estimates that $$84$ of its Accounts Receivable will be

uncollectible. Prepare the adjusting journal entry required at December $29,2018,$ for recording Bad Debt Expense assuming

Tashamo's unadjusted balance in Allowance for Doubtful Accounts at December $29,2018,$ was a debit balance of $$24.$

If one of Tashamo'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 $4$

Assume Tashamo 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.$)$

Journal entry worksheet