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. In addition, its unadjusted trial balance includes the following items. 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.) Journal entry worksheet Bad debts are estimated to be 3% of credit sales. Note: Enter debits before credits. Journal entry worksheet Bad debts are estimated to be 2% of total sales. Note: Enter debits before credits. Journal entry worksheet An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Note: Enter debits before credits. Required information 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 yeat. In addition, its unadjusted trial balance includes the following items: Problem 7-2A Part 2 2. Show how Accounts Recelvable and the Allowance for Doubtful Accounts appear on its December 31 batance sheet given the facts in part 1a. Required information 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. In addition, its unadjusted trial balance includes the following items. Problem 7-2A Part 3 3. Show how Accounts Recelvable and the Allowance for Doubtrul Accounts appear on its December 31 balance sheet given the facts in part 1c. (Do not round intermediate calculations.)