Problem 7-2A Estimating and reporting bad debts LO P2, P3

i'm having trouble with this problem, if someone could please answer it and explain why the answers are I would be very grateful!

At December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,570,330 $3,566,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable $1,080,498 debit Allowance for doubtful accounts $ 18,970 debit Problem 7-2A Part 1 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 View journal entry worksheet NA Trancantinn Generalinimal nahit 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. 2 Adjusting entries (all dated December 31). (Do not round intermediate calculations.) View transaction list View journal entry worksheet Transaction General Journal Bad debts expense Allowance for doubtful accounts No Credit Debit 106,980 1 106,980 2 b. Bad debts expense 102.727 Allowance for doubtful accounts 102.727 3 c. Bad debts expense Allowance for doubtful accounts At December 31, Hawke Company reports the following results for its calendar year, Cash sales Credit sales $1,570,330 $3,566,000 3 In addition, its unadjusted trial balance includes the following items. Accounts receivable $1,080,498 debit Allowance for doubtful accounts $ 18,970 debit Problem 7-2A Part 2 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 10 Current assets: 0 Problem 7-2A 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. Cash sales Credit sales $1,570,330 $3,566,000 4 In addition, its unadjusted trial balance includes the following items. Accounts receivable $1,080,498 debit Allowance for doubtful accounts $ 18,970 debit Problem 7-2A Part 3 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet giver the facts in part 10. (Do not round intermediate calculations.) Current assets: 0