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[The following information applies to the questions displayed below.] At December 31, Hawke Company reports...

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Accounting

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[The following information applies to the questions displayed below.] At December 31, Hawke Company reports the following results for its calendar year. Cash Credits 3 183700 32.870.000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Alowance for accounts 5869.00 db 5 10050 debt 1. Award: 6.00 points Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption .. 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 action Journal entry worksheet > Bad debts are estimated to be 3 of credit sales. Note: Estarts to credits Transaction General Journal Debit Credit Centry

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