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Saved Required information Problem 9-2A Estlmeting and reporting bad debts LO P2, P3 [The following information applies to the questions displayed below. At December 31,
Saved Required information Problem 9-2A Estlmeting and reporting bad debts LO P2, P3 [The following information applies to the questions displayed below. At December 31, 2017, Hawke Company reports the following results for its calendar year Part 1 of 3 33.33 points Cash sales $2,173,470 Credit sales 3, 642,000 eBook Print References In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,103,526 debit 23,270 debit Problem 9-2A Part 1 Required 1. Prepare the adjusting entry for this company to recognize ba epare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions. Bad debts are estimated to be 2% of credit sales. Bad debts are estimated to be 1% of total sales. Anaging analysis estimates that 5% ofyear-end accounts receivable are uncollectible a. c 1 2 3 of 3 Next> Mc HHl to search
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