The Kraft Heinz Company was formed in 2015 with the merger of Kraft Foods and H.J. Heinz Corporation. Assume the company reported the following amounts in its unadjusted trial balance (in millions) as of December 31, 2020: 0 bints Accounts Receivable Debits $5,680 Credits Allowance for Doubtful Accounts Sales (assume all on credit) $ 135 45,450 Required: 1. Assume Kraft Heinz uses 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 rounded to the nearest whole dollar number.) View transaction list Journal entry worksheet A Record the Bad debts expenses. Pray 1of22 Next >