[The following information applies to the questions displayed below.] At December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,871,820 $3,638,888 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,099,890 debit $ 11,020 debit oblem 7-2A Part 3 Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts part 10. (Do not round Intermediate calculations.) urrent assets: Problem 7-2A Estimating and reporting bad debts LO P2, P3 (The following information applies to the questions displayed below.] At December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,871,820 $3,630,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,099,890 debit 11,020 debit Problem 7-2A Part 1 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 No Credit Transaction a. General Journal Bad debts expense Allowance for doubtful accounts Debit 72,600 1 72,600 2 b. Bad debts expense Allowance for doubtful accounts