At December 31, 2017. Hawke Company reports the following results for its calendar year. Cash sales $1,826,270 Credit sales 2,885,000 oints In addition, its unadjusted trial balance includes the following items eBook Accounts receivable Allowance for doubtful accounts $874,155 debit 28,820 debit Problem 9-2A Part 1 Required 1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions. Bad debts are estimated to be 4% of credit sales, Bad debts are estimated to be 3% of total sales. An aging analysis estimates that 7% of year-end accounts receivable are uncollectible. a. c. Adjusting entries (all dated December 31, 2017), Requlred: 1. Prepare the adjusting entry for this company to recognize bad debts under each of the folowing independent assumptions. a. b. C. Bad debts are estimated to be 4% of credit sales. Bad debts are estimated to be 3% of total sales. An aging analysis estimates that 7% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31, 2017) No Transaction Credit 115.400 115.400 2 b Bad debts experse 141 338 41 338 At December 31, 2017. Hawke Company reports the following results for its caiendar year Cash sales $1,826,270 Credit sales 2,885,808 eBook In addition its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $874,155 debit 28,820 debit Problem 9-2A Part 2 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017. balance sheet given the facts in part la S 874.155 S 874.155 Prev 45of7 | Next> Part 3 of 3 Problem 9-2A Estimeting and reporting bed debts LO P2 P3 The following information applies to the questions displeyed below At December 31, 2017, Hawke Company reports the following results for its calendar year Cash sales $1,826,270 Credit sales 2,885,000 eBook In addition, its unadjusted thial balance includes the following items Accounts receivable Allowance for doubtful accounts $874,155 debit 28,828 debit Problem 9-2A Part 3 a. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017, balance sheet given the facts in part lc 41 339S 73287