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26 Required information (The following information applies to the questions displayed below) At December 31, Hawke Company reports the following results for its colenda Part 1 of 3 Cash sales Credit sales $1,787.790 $3,526,000 (8 02:54 41 In addition, its unadjusted trial balance includes Accounts receivable Allowance for doubtful accounts Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption a. Bad debts are estimated to be 4% of credit soles. b. Bad debts are estimated to be 3% of total sales c. An aging analysis estimates that 7% of year end accounts receivable are uncollectible Adjusting entries (oll doted December 31). (Do not round intermediate calculatione.) View traction ist view journal entry workahwet No Transaction Debit Credit General Journal Bad debts expense Allowance for doubtful accounts Bad debts expense owance for doubtful account Bad debts eponse Allowance for doubt acco 21 Required information (The following information applies to the questions displayed below) At December 31, Hawke Company reports the following results for its calendar year. Part 2 of 3 Cash sales Credit sales $1,787,790 53,526,000 (8 02:5936 In addition, its unadjusted trial balance includes the following items Accounts receivable Allowance for doubtful accounts $1,068,378 debit $ 11,836 debit 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in partia Current assets S 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 $1,787,790 $3,526,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,063,378 debit $ 11,830 debit 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in partic (Do not round Intermediate calculations.) Current assets Accounts receivable Add. Allowance for doubtful accounts 1,068,378 11,830 S 1,056,548