3 Part question I need help with.
Required Information [The following information applies to the questions displayed below] At December 31, Hawke Company reports the following results for its calendar year. Cash sales $1 , 415, 890 Credit $3, 767,000 sales In addition, its unadjusted trial balance includes the following items. Accounts receivable $1, 141, 401 debit Allowance for $ doubtful accounts 29, 830 debit Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 3% of credit sales. b. Bad debts are estimated to be 2% of total sales. C. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). (Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 2 3 Bad debts are estimated to be 3% of credit sales. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry View general journal Clear entryRequired Information [The following information applies to the questions displayed below] At December 31, Hawke Company reports the following results for its calendar year. Cash sales $1 , 415, 890 Credit $3, 767,000 sales In addition, its unadjusted trial balance includes the following items. Accounts receivable $1, 141, 401 debit Allowance for $ doubtful accounts 29, 830 debit Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 3% of credit sales. b. Bad debts are estimated to be 2% of total sales. C. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). (Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 2 3 Bad debts are estimated to be 3% of credit sales. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry View general journal Clear entryAt December 31, Hawke Company reports the following results for its calendar year. Cash $1, 415, 890 sales Credit $3, 767,000 sales In addition, its unadjusted trial balance includes the following items. Accounts receivable $1, 141, 401 debit Allowance for doubtful accounts $ 29, 830 debit 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 1c. (Do not round Intermediate calculations.) Current assets: SAt December 31, Hawke Company reports the following results for its calendar year. Cash $1, 415, 890 sales Credit $3, 767,000 sales In addition, its unadjusted trial balance includes the following items. Accounts receivable $1, 141, 401 debit Allowance for doubtful accounts $ 29, 830 debit 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 1c. (Do not round Intermediate calculations.) Current assets: S[The following information applies to the questions displayed below.] 13 At December 31, Hawke Company reports the following results for its calendar year. Cash sales $1 , 415, 890 Credit $3, 767,000 sales In addition, its unadjusted trial balance includes the following items. Accounts receivable $1, 141, 401 debit Allowance for doubtful accounts $ 29, 830 debit 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on Its December 31 balance sheet given the facts in part 18. Current assets: S[The following information applies to the questions displayed below.] 13 At December 31, Hawke Company reports the following results for its calendar year. Cash sales $1 , 415, 890 Credit $3, 767,000 sales In addition, its unadjusted trial balance includes the following items. Accounts receivable $1, 141, 401 debit Allowance for doubtful accounts $ 29, 830 debit 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on Its December 31 balance sheet given the facts in part 18. Current assets: S
