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Rogala Foods, Inc. sells Oscar Mayer, Jell-O, Tassimo, and many other food brands. The company reported the following rounded amounts as of December 29, 2012 (all amounts in millions):

	Debits		Credits
Accounts Receivable	$	1,090
Allowance for Doubtful Accounts			$	27
Sales (assume all on credit)				18,000
1&2. Prepare the adjusting journal entry required at December 31, 2012, for recording Bad Debt Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Round your answers to the nearest whole number.) (i) Assume Rogala uses 1/4 of 1 percent of sales to estimate its Bad Debt Expense for the year. (ii) Assume instead that Rogala uses the aging of accounts receivable method and estimates that $72 of its Accounts Receivable will be uncollectible. 3. Assume instead that Rogala uses the aging of accounts receivable method and estimates that $72 of its Accounts Receivable will be uncollectible. Prepare the adjusting journal entry for recording Bad Debt Expense required at December 31, 2012, assuming the unadjusted balance in Rogala's Allowance for Doubtful Accounts at December 31, 2012 was a debit balance of $33. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) 4. If one of Rogalas main customers declared bankruptcy in 2013, what journal entry would be used to write off its $15 balance? (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

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