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Required information Problem 7-2A (Algo) Estimating and reporting bad debts LO P2, P3 [The foliowing information applies to the questions displayed below] At December 31, Hawke Compary reports the following results for its calendar year In addition, ith unadjusted trial balance includes the following items Problem 7.2A (Algo) Part 2 2. Bad debts are estimated to be 2N of credit sales, Stiow how Accounts Receivable and the Allowance tor Doubtful Accounts appear on its December JI balance sheet Required informetion Problem 7-2A (Algo) Estimating and reporting bad debts LO P2, P3 [The following information applies to the questions displayed beiow.] At December.31, Hawke Comparty reports the following results for its calendar year In addition, its unadjusted trial balance includes the following ttems Problem 7.2A (Algo) Part 3 3. An aging analysis estimates that 6% of year end accounts receivable are uncollect ble. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet