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: Debita $4,833 Credits Accounts Receivable Allowance for Doubtful Accounts Sales (assume all on credit) $ 129 42,201 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 experbe 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