Algorithmic Saved Help Save & Exit Submit Check my work Required information Problem 9-2A Estimating and reporting bad debts LO P2, P3 [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 $2,067, 100 $3,185,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $965,055 debit $ 28,640 debit Problem 9-2A Part 1 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. Prev 2 3 of 3 !!! Next > Algorithmic i Saved Help Save & Exit Sul Check my wo Problem 9-2A Estimating and reporting bad debts LO P2, P3 (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 $2,067,100 $3,185,880 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $965,055 debit $ 28, 640 debit Problem 9-2A Part 2 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear orhits December 31 balance sheet given the facts in part 1a. Current assets Algorithmic Saved Help Save & Exit Submit Check my work Problem 9-2A Estimating and reporting bad debts LO P2, P3 (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 $2,067,100 $3,185,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $965,055 debit $ 28,640 debit Problem 9-2A Part 3 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 1. (Do not round intermediate calculations.) Current assets: