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Required information Problems 7-2A (Algo) Estimating and reporting bad debts LO P2, P3 Whe 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. Accounts receivable Allouance for doubtful accounts S 630, 0e0 debit S 5,000 debit Problems 7.2A (Algo) Part 1 Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. 0. Bad debts are estimated to be 4% of credit sales. b. Bad debts are estimated to be 3% of total sales. c. An aging analysis estimates that 4% of year-end accounts recelvable are uncollectible. Adjusting entries (all dated December 31). c. An aging analysis estimates that 4% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). Journal entry worksheet Bad debts are estimated to be 4% of credit sales. Note: Enter debits before reditis, Required information Problems 7-2A (Algo) Estimating and reporting bad debts LO P2, P3 [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. Problems 7-2A (Algo) Part 2 2. Bad debts are estimated to be 4% of credit sales. Show how Accounts Recelvable and the Allowance for Doubtrul Accounts appear on its December 31 balance sheet. Problem 8-2A (Algo) Depreciation methods LO P1 A machine costing $212,000 with a four-year life and an estimated $18,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 485,000 units of product during its life. It actually produces the following units: 121,700 in Year 1,123,900 in Year 2,119,900 in Year 3,129,500 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted. Note: The machine cannot be depreciated below its estimated salvage value. Required: Compute depreciation for each year (and total depreclation of all years combined) for the machine under each depreciation method. Note: Round your per unit depreciation to 2 decimol places. Round your answers to the nearest whole dollor. Complete this question by entering your answers in the tabs below. Compute depreciation for each year (and total depreciation of all years combined) for the machine under the Stralght-line depreciation. depreciation. Problem 8-2A (Algo) Depreciation methods LO P1 A machine costing $212,000 with a four-year life and an estimated $18,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 485,000 units of product during its life. It actually produces the following units: 121,700 in Year 1, 123,900 in Year 2.119,900 in Year 3,129,500 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate - this difference was not predicted. Note: The machine cannot be depreclated below its estimated salvage value. Required: Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation method. Note: Round your per unit depreciation to 2 decimal places. Round your answers to the nearest whole dollar. Complete this question by entering your answers in the tabs below. Compute depreciation for each year (and total depreclation of all years combined) for the machine under the Units of production. required: Compute depreciation for each year (and total depreciation of all years combined) for the machine under each depreciation miethor Note: Round your per unit depreciation to 2 decimal ploces. Round your onswers to the nearest whole dollar. Complete this question by entering your answers in the tabs below. Compute depreciation for each year (and total deprechtion of all vears combined) for the machine under the Doubledecining-balance