3 O Part 1 of 3 Required Information [The following information applies to the questions displayed below.] At December 31, 2017, Hawke Company reports the following results for its calendar year. 2 points Cash sales Credit sales $1,541,440 3,019, eee In addition, its unadjusted trial balance includes the following items. eBook Accounts receivable Allowance for doubtful accounts $914,757 debit 22, 340 debit Print References Required: 1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions. a. Bad debts are estimated to be 2% of credit sales. b. Bad debts are estimated to be 1% of total sales. c. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31, 2017). View transaction list X 1 Bad debts are estimated to be 2% of credit sales. > 2 Bad debts are estimated to be 1% of total sales. 3 An aging analysis estimates that 5% of year-end accounts receivable are uncollectible. Credit Note : journal entry has been entered Record entry Clear entry View general journal 4 ! Part 2 of 3 Required Information [The following information applies to the questions displayed below.] At December 31, 2017, Hawke Company reports the following results for its calendar year. 2 points Cash sales Credit sales $1,541,440 3,019,80 In addition, its unadjusted trial balance includes the following items. eBook Accounts receivable Allowance for doubtful accounts $914,757 debit 22,340 debit Print References 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017, balance sheet given the facts in part 1a. Current assets: 5 ! Part 3 of 3 Required Information {The following information applies to the questions displayed below.) At December 31, 2017, Hawke Company reports the following results for its calendar year. soints Cash sales Credit sales $1,541,440 3,019,888 In addition, its unadjusted trial balance includes the following items. eBook Accounts receivable Allowance for doubtful accounts $914,757 debit 22, 34e debit Print Peterences 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017. balance sheet given the facts in part 10 Current assets