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Can someone help me with this one - I'm a bit confused. Thank you for breaking it down for me. Required information [The following information
Can someone help me with this one - I'm a bit confused. Thank you for breaking it down for me.
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, its unadjusted trial balance includes the following items. Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 1.5% 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). Journal entry worksheet Bad debts are estimated to be 1.5% of credit sales. Note: Enter debits before credits. Journal entry worksheet Bad debts are estimated to be 1% of total sales. Note: Enter debits before credits. Journal entry worksheet An aging analysis estimates that 5% of year-end accounts receivable are uncollectible. Note: Enter debits before creditsStep by Step Solution
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