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B&H Corporation was formed in 2015 with the merger of Freeman Good Foods and Boyd Companies. The company reported the following rounded amounts for the year ended December 29, 2018 (all amounts in millions): Debits Credits Accounts Receivable $ 1,050 Allowance for Doubtful Accounts $ 23 Sales (assume all on credit) 17,600 Required: 1. Assume B&H uses 3/4 of 1 percent of sales to estimate its Bed Debt Expense for the year. Prepare the adjusting journal entry required for the year, assuming no Bad Debt Expense has been recorded yet 2. Assume instead B&H uses the aging of accounts receivable method and estimates that $76 of its Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at December 29, 2018. for recording Bad Debt Expense. 3. Assume instead B&H's uses the aging of accounts receivable method and estimates that $26 of its Accounts Receivable will be uncollectible Prepare the actjusting journal ently required at December 29, 2018. for recording Bad Debt Expense assuming B&H unadjusted balance in Allowance for Doubtful Accounts at December 29, 2018 was a debit balance of $37 4. If one of B&H's customers declared bankruptcy, what ournal entry would be used to write of its Sto balance? View transaction list Journal entry worksheet Record the entry for bad debt expenses under the percentage of credit sales method. Note: Enter debits before credits General Journal Debit Credit Date December 29 2018 Record entry Clear entry View general journal Journal entry worksheet Record the entry for bad debt expenses under the aging of accounts receivable method. Note: Enter debits before credits. General Journal Debit Credit Date December 29 2018 Record entry Clear entry View general Journal Journal entry worksheet

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