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Accounting

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Required information [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: 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 1% of total sales. c. An aging analysis estimates that 6% of year-end accounts recelvable are uncollectible: Adjusting entries (all dated December 31). Answer is complete but not entirely correct

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