Required Information The following information applies to the questions displayed below) At December 31, 2017, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,486,370 3,716,000 In addition, Its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,125,948 debit 21,680 debit 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017, balance sheet given the facts in part 10 Current assets 0 Required information [The following Information applies to the questions displayed below) 3 At December 31, 2017, Hawke Company reports the following results for its calendar year. Cash sales Credit sale $1,486,370 3,716,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,125,948 debit 21.680 debit 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017, balance sheet given the facts in partic Current assets $ 0 1 At December 31, 2017, Hawke Company reports the following results for its calendar year. Cash sales Credit Bales $1,406,370 3,716,000 Part 1 of 3 In addition, its unadjusted trial balance includes the following items, Accounts receivable Allowance for doubtful accounts $1,125,948 debit 21,680 debit Required: 1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions. a. Bad debts are estimated to be 2% of credit sales b. Bad debts are estimated to be 1% of total sales. c. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31, 2017). View transaction ist Journal entry worksheet >