Solve 2,3

At December 31. 2017. Hawke Company reports the following results for its calendar year Cash sales Credit sales $1,644,828 3,686,08e In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,116,858 debit 17,290 debit Required: 1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions b. c, 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 6% of year-end accounts receivable are uncollectible. djusting entries (all dated December 31, 2017) KPrev2 3 4 of 4 Next> arch