Please do 7-3a with details! thanks!

allowall l 2013. Hawke Company reports the following results for its calendar year. Problem 7-3A December 31, At Estimating and reporting bad debts. Cash sales $1,905,000 Credit sales P2 5,682,000 unadjusted trial balance includes the following items. In addition, its Accounts receivable $1,270,100 debit Allowance for doubtful accounts 6,580 debit Required adjusting entry for this company to recognize bad debts under each of the following inde- 1. Prepare assumptions. endent a. Bad debts are estimated to be 1.5% of credit sales. b. Bad debts estimated to be 1% of total sales. Check Bad Debts Expense: a) $85.230, c) $80,085 ing analysis estimates that 5% of year-end accounts receivable are uncollectible. c. An counts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2. Show how A part la. 2013, balance sheet given the facts in 3 Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2013, sheet given the facts in part