Required information 10 point Problem 7-2A Estimating and reporting bed debts LO P2, P3 The following information applies to the questions displayed below) At December 31, 2017, Hawke Company reports the following results for its Calendar year. . Loth sales Credit sales 52,014,78 1,210,000 In adation, is unadjusted trial balance includes the following om Accuests receivable All for at 5572,0 DIE 22. To recognize bad debts under each of the following independent assumptions a. Bad debts are estimated to be 3 of creat sales 6. Bad debts are estimated to be 2 of total sales An aging analysis estimates that 6of your and accounts receivable are uncollectible Problem 7-2A Part 1 Required 1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions a Bad debts are estimated to be 3 of credits . Bad debts are estimated to be 28 of total An aging analysis amates that of year end accounts receivable are un colectible Adjusting entre os dated December 31, 2017 Journal entry worksheet Bad debt remated to be credits De Adjusting entries (all dated December 31, 2017), View transaction dat Journal entry worksheet 1 2 2 3 Bad debts are estimated to be 2% of total sales. Note: Enter debits before credits Transaction General Journal Debit Credit b Record entry Clear entry View general journal View transaction list Journal entry worksheet Bad debts are estimated to be of credit sales anun 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, 2017). View transaction list Journal entry worksheet Bad debts are estimated to be 3% of credit sales. Note: Enter debits before credits Transaction General Journal Debit Credit a Record entry Clear entry View general journal Required: 1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent 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, 2017). View transaction list Journal entry worksheet Lajme Bad debts are stimated to be 2% of total sales. Not: Edebits before credits Transaction General Journal Debit Credit b. Record entry Clear entry View general journal 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, 2017) View transaction list Journal entry worksheet