5 9.09 Required information (The following information applies to the questions displayed below At December 31, Hae Company reports the folowing results for the calendar y Cashles Required 1. thing evry to second bad debts under each separation Bad debts are estimated to be 3% of cas b. Bad debts to be 2% of total sales. timates that 5% of yea Adjusting is de December Journal entry worksheet Bad des mated to be % of Dante 21 b 09 Required information (The following information applies to the questions displayed below] At December 31, Hawke Company reports the following results for its calendar year In addition, unadjusted trial balance includes the following Required 1. Prepare the adjusting entry to record bad debts under each seperate assumption Bad debts are estimated to be 3% of credit sales b. Bad debts are estimated to be 2% of total sales An aging analysis estimates that 5% of year end accounts receivable are uncollectible Adjusting ees ja dated December 20 Journal entry worksheet C Bad debts are estimated to be 2% of total sales 309 Bequired information The following information applies to the questions displayed below) At December 31, Hawks Company reports the following results for its calendar year In addition, its unadjusted trial belence includes the following items Required: 1. Prepare the adjusting entry to record bad debts under each seperate assumption Bad debts are estimated to be 3% of credit sale Bad det are estimated to be 2% of total sales An aging analysis estimates that 5% of year-end accounts receivable are uncollectible Adjusting is dated December 3 Journal entry worksheet Dake 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 Credit sales $ 240,000 $ 600,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $ 324,000 debit $ 3,200 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 5% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). Print References View transaction list Journal entry worksheet Bad debts are estimated to be 3% of credit sales. Note: Enter debits before credits Date General Journal Debit Credit December 31 Bad debts expense Record entry Clear entry View general journal ences Journal entry worksheet B C Bad debts are estimated to be 2% of total sales. Note: Enter debits before credits Date December 31 General Journal Debit Credit Record entry Clear entry View general journal References View transaction list Journal entry worksheet B An aging analysis estimates that 5% of year-end accounts receivable are uncollectible. Note: Enter debits before credits Date December 31 General Journal Debi Credit Record entry Clear entry View general journal