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need help finding the Less: allowance for doubtful accounts sorry i was so late responding [The following information applies to the questions displayed below.) At

need help finding the Less: allowance for doubtful accounts
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sorry i was so late responding
[The following information applies to the questions displayed below.) At December 31, Hawke Company reports the following results for its calendar year. 3 Cash sales Credit sales $1,704,550 $3,011,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $912,333 debit $ 25,610 debit Problem 7-2A Part 3 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its D in part 1c. (Do not round intermediate calculations.) Answer is not complete. Current assets: Accounts receivable $ 912,333 Less: Allowance for doubtful accounts $ 912,333 Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 2% 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). (Do not round intermediate calculations.) View transaction list View journal entry worksheet NO Transaction General Journal Debit Credit 1 a Bad debts expense Allowance for doubtful accounts 60,220 60,220 2 b Bad debts expenso Allowance for doubtful accounts 47.156 47, 156 3 Bad debts expense Allowance for doubtful accounts 71,227 71,227 G Prey 1 2 3 of 6 Next >

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