Required information 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 $2,107,140 $3,374,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,022,322 debit $ 28,770 debit Required information 2 Adjusting entries (all dated December 31). (Do not round intermediate calculations.) View transaction list Part 1 of 3 12.5 points Journal entry worksheet 1 2 3 Bad debts are estimated to be 4% of credit sales. eBook References Note: Enter debits before credits Transaction General Journal Debit Credit View general Journal Clear entry Record entry Adjusting entries (all dated December 31). (Do not round intermediate calculations.) View transaction list 1 of 3 Journal entry worksheet Is 1 2 3 Bad debts are estimated to be 3% of total sales. eBook Note: Enter debits before credits eferences Credit Debit Transaction General Journal b. View general journal Clear entry Record entry Adjusting entries (all dated December 31). (Do not round Intermediate calculations.) View transaction list art 1 of 3 Journal entry worksheet 5 nts N 2 An aging analysis estimates that 7% of year-end accounts receivable are uncollectible. eBook Note: Enter debits before credits. References Transaction General Journal Debit Credit c. View general Journal Clear entry Record entry In addition, its unadjusted trial balance includes the following items. eBook Accounts receivable Allowance for doubtful accounts $1,022,322 debit $ 28,770 debit ferences Problem 7-2A Part 2 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on it in part 1a. Current assets: $ 0 5 3 4 of 8