Freeman Good Foods was formed in 2015 with the merger of Rogala Foods Incorporated and...

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Accounting

Freeman Good Foods was formed in 2015 with the merger of Rogala Foods Incorporated and ADF Manufacturing. The company reported the following rounded amounts for the year ended December 29,2018(all amounts in millions):
\table[[,Debits,Credits],[Accounts Receivable,$1,210,],[Allowance for Doubtful Accounts,,19,200],[Sales (assume all on credit),,194]]
Required:
Assume Freeman Good Foods uses 12 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 Freeman Good Foods uses the aging of accounts receivable method and estimates that $89 of its Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at December 29,2018, for recording Bad Debt Expense.
Assume instead Freeman Good Foods's uses the aging of accounts receivable method and estimates that $89 of its Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at December 29,2018, for recording Bad Debt Expense assuming Freeman Good Foods's unadjusted balance in Allowance for Doubtful Accounts at December 29,2018, was a debit balance of $29.
If one of Freeman Good Foods's customers declared bankruptcy, what journal entry would be used to write off its $20 balance?
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