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Required information Skip to question [ The following information applies to the questions displayed below. ] At December 3 1 , Hawke Company reports the

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[The following information applies to the questions displayed below.]
At December 31, Hawke Company reports the following results for its calendar year.
Cash sales $ 80,000
Credit sales $ 200,000
In addition, its unadjusted trial balance includes the following items.
Accounts receivable $ 108,000 debit
Allowance for doubtful accounts $ 1,100 debit
Required:
1. Prepare the adjusting entry to record bad debts under each separate assumption.
Bad debts are estimated to be 3% of credit sales.
Bad debts are estimated to be 2% of total sales.
An aging analysis estimates that 5% of year-end accounts receivable are uncollectible.
Adjusting entries (all dated December 31).

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