Required information (The following information applies to the questions displayed below.) At December 31. Hawke Company reports the following results for its calendar year. Cash sales $1,386,340 Credit sales $3,839,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,163,217 debit $ 28,830 debit 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet CD in EA 25 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 1c (Do not round intermediate calculations.) Current assets $ At December 31, Hawke Company reports the following results for its calendar year. Cash sales $1,386,340 Credit sales $3,839,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,163,217 debit $ 28,830 debit 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 Prev 1 2 3 of 5 ! Next > 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 General Journal Credit No 1 Transaction a. Debit 115,170 Bad debts expense Allowance for doubtful accounts 115,170 2 b. 104,507 Bad debts expense Allowance for doubtful accounts 104.507 Adjusung entries (all dated December 31. (Do not round Intermediate calculations View transaction list View journal entry worksheet No Transaction General Journal Bad debts expense Allowance for doubtful accounts 115,170 N 104 SOT Bad debts expense Allowance for doubtful accounts 1045 3 Bad debts expense Allowance for doubtful accounts