Question: please complete a, b, & c !!!! thank you !!!! Homework: Chapter 7 14 Required information [The following information applies to the questions displayed below)
Homework: Chapter 7 14 Required information [The following information applies to the questions displayed below) At December 31, Hawke Company reports the following results for its calendar year. Part 1 of 3 Cash sales Credit sales $1,832,780 $3,321,000 2 points In addition, its unadjusted trial balance includes the following items. Skipped Accounts receivable $1,806,263 debit Allowance for doubtful accounts $ 21,470 debit eBook Print 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.)
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