The Kraft Heinz Company was formed in 2015 with the merger of Kraft Foods and H.J. Heinz Corporation. Assume the comparry reported the following amounts in its unadjusted trial balance (in milions) as of December 31, 2020: Required: 1. Assume Kraft Heinz uses 1/2 of 1 percent of sales to estimate its Bad debt expense for the year. Prepare the acfusting jaurnal 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 joumal entry required" in the first account field. Enter your answers in millions rounded to the nearest whole dollar number) Journal entry worksheet Fecord the Bad debts expenses. Nate: Emter debis balare cradts. 2. Assume instead that Kraft Heinz uses the aging of accounts recelvable method and estimates that $233 million of its Accounts Pecelvable will be uncolectible. Prepare the adjusting joumal entry required at December 31, 2020, for recording Bad Debt Expenso. (If no entry millions.) Journal entry worksheet Fecord the Bad debts expenses. Nate: Emter debis balare andis. 3. Assume instead that Kraft Heinz uses the aging of accounts receivable method and estimates that $233 million of its Accounts Recelvable will be uncolectible. Also, assume that the unadjusted balance in Kraft Heinz's Allowance for Doubtful Accounts at December 31, 2020, was a debit balance of $20 million. Prepare the adjusting journal entry required at December 31, 2020, for field. Enter your answers in militions.] Journal entry worksheet Record the Bad debts expenses. Nate: Emter debts batare cudits. 4. If one of Kraft Heinz's main customers declared bankeruptcy in 2021, what journal entry would be used to write off its $15 million balance? (If no entry is required for a transaction/event, select "No journal entry required" in the first account fieid. Enter your answers in millions.) Journal entry worksheet