Required information Problem 7-2A Estimating and reporting bad debts LO P2, P3 The following information applies to the questions displayed below) A December 31, Hawke Company reports the following results forts calendar year Cath sales Credit sales 11,635, In addition, its unajusted trial balance includes the following them Acc receivable Alle for down 11.153,62 1 21.30 h 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 2% of credit sales b. Bad debts are estimated to be of total sales c. An aging analysis estimates that of year end accounts receivable are colectie Adjusting entries tail dated December 3 (Do not round intermediate calculations) Viea saattaar at Required information Problem 7-2A Estimating and reporting bad debts LO P2, P3 The following information applies to the questions displayed below) A December 31, Hawke Company reports the following results forts calendar year Cath sales Credit sales 11,635, In addition, its unajusted trial balance includes the following them Acc receivable Alle for down 11.153,62 1 21.30 h 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 2% of credit sales b. Bad debts are estimated to be of total sales c. An aging analysis estimates that of year end accounts receivable are colectie Adjusting entries tail dated December 3 (Do not round intermediate calculations) Viea saattaar at