Business, 05.11.2020 18:30 Thejollyhellhound20

At December 31,2017, Hawke Company reports the following results for its calendar year. Cash sales $1,905,000
Credit sales. 5.682,000
In addition, its unadjusted trial balance includes the following items.
Accounts receivable $1,270,100 debit
Allowance for doubtful accounts 16,580 debit
Required
1. Prepare the adjusting entry for this company to recognize bad debts under each of the followino i pendent assumptions.
a. Bad debts are estimated to be 1.5% of credit sales.
b. Bad debts are estimated to be 1% of total sales.
c. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible. nse 5
2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 3t 2017, balance sheet given the facts in part la
3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 3 1 2017, balance sheet given the facts in part Ic.

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At December 31,2017, Hawke Company reports the following results for its calendar year. Cash sales...

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