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Chrome File Edit View History Bookmarks Profiles Tab Window Help 1 GB 31% Mon 7:34 PM Q DE ... M Question 7 - Chapter 7 Homew X + C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%25... BTR Paused Update : Chapter 7 Homework i Saved Help Save & Exit Submit 7 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 $ 280, 000 Credit sales $ 700, 000 11.11 In addition, its unadjusted trial balance includes the following items. points Accounts receivable $ 210, 000 debit Allowance for doubtful accounts $ 2,500 debit Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 2% of credit sales. b. Bad debts are estimated to be 1% of total sales. c. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). View transaction list Mc Graw Hill ? "tv 2 196 Chrome File Edit View History Bookmarks Profiles Tab Window Help 9 I; \"3 1) 31%|- Mon7z34PM Q 6 EE 7 ' . '7 . m Question 8 - Chapter 7 Home x + V 6 C' i ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%25... [I] if: I"- @II a. I] Chapter 7 Homework 0 Saved Help Save & Exit Submit 8 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 2 of3 Cash sales 5 230,000 Credit sales $ 700,000 11_11 In addition, its unadjusted trial balance includes the following items. points Accounts receivable $ 210,000 debit Allowance for doubtful accounts $ 2, 500 debit 2. Bad debts are estimated to be 2% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. Current assets: wooee?xwoo 6 Chrome File Edit View History Bookmarks Profiles Tab Window Help 9 L:J 2:? 1) 29%|- Mon7z34PM Q 6 EE 7 ' . '7 . m Question 9 - Chapter 7 Home x + V 6 C' i ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%25... [I] if: I"- @II a. I] Chapter 7 Homework 0 Saved Help Save & Exit Submit 9 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 3 of3 _ Cash sales S 230,000 Credit sales S 700,000 11.12 points In addition, its unadjusted trial balance includes the following items. Accounts receivable $ 210,000 debit Allowance for doubtful accounts $ 2, 500 debit 3. An aging analysis estimates that 6% of yearend accounts receivable are uncollectible. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. Current assets: 1$Im@?gmg@@m