Question: please help if you understand this! problem 7-2A. 1,2,&3 please! Sb Required Prepare journal entries to record the preceding transactions and events. At December 31,
Sb Required Prepare journal entries to record the preceding transactions and events. At December 31, Hawke Company reports the following results for its calendar year Problem 7-2A Estimating and repor bad debts P2 P3 Cathes $1,105,000 Credit sales 55,682,000 In addition, its unadjusted trial balance includes the following items Accountable 51270.100 de Alowfordobacco $96.580 debit Check Required 1. Prepare the adjusting entry to record bad debts under each separate assumption a. Bad debts are estimated to be 1.5'l of credit sale b. Bad debts are estimated to be of total sales c. Anging walysis estimates that of year-end accounts receivable are collectible 2. Show Accounts Receivable and the Allowance for Doubtful Accounts appear on its December balance sheet given the facts in parti 2. Show bow Accounts Receivable and the Allowance for Doubtful Accounts appear in December balance sheet given the facts in parte On December 31, Jaden Co. Allowance for Dental Arts and credit hole of Problem 7.3A ATO MacBook Pro DCU 4 # 3 $ 4 % 5 & 7 #CO 9 0 = E R T Y U O D F G H J L X c V
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
