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?