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journal entry Required information The following information applies to the questions displayed below.) At December 31, Hawke Company reports the following results for its calendar

journal entry
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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 $1,331,790 Credit sales $3,012,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $912,636 debit $ 24,528 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 6% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). (Do not round intermediate calculations.) View transaction list Journal entry worksheet Bad debts are estimated to be 3% of credit sales. Note: Enter debits before credits Transaction General Journal Debit Credit Journal entry worksheet Bad debts are estimated to be 2% of total sales. Note: Enter debits before credits. Transaction b General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

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