1 Check my work Part 1 of 3 Required information [The following information applies to the questions displayed below) At December 31, 2018, Hawke Company reports the following results for its calendar year points Cash sales Credit sales $2,079,368 3,857,000 8 02:00 In addition, its unadjusted trial balance includes the following items. look P Accounts receivable Allowance for doubtful accounts $1,168,671 debit 14,690 debit References Required: 1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions Bad debts are estimated to be 4% of credit sales. (Round your final answers to the nearest whole dollar) b. Bad debts are estimated to be 3% of total sales. C. An aging analysis estimates that 7% of year-end accounts receivable are uncollectible. (Round your final answers to the nearest whole dollar.) a. Adjusting entries (all dated December 31, 2018) 1 of 3 Required information [The following information applies to the questions displayed below.) At December 31, 2018, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $2,079, 360 3,857,800 1:58:59 In addition, its unadjusted trial balance includes the following items. Hook Accounts receivable Allowance for doubtful accounts $1,168,671 debit 14,690 debit rences 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 4% of credit sales. (Round your final answers to the nearest whole dollar) b. Bad debts are estimated to be 3% of total sales. c. An aging analysis estimates that 7% of year-end accounts receivable are uncollectible. (Round your final answers to the nearest whole dollar.) Adjusting entries (on dated December 31, 2018)