At December $31,$ Hawke Company reports the following results for its calendar year.

Cash sales

$$1,905,000$

$$5,682,000$

Credit sales

$$5,682,000$

In addition, its unadjusted trial balance includes the following items.

Accounts receivable

Allowance for doubtful accounts

$$1,270,100$ debit

$$16,580$ debit

Required:

Prepare the adjusting entry to record bad debts under each separate assumption.

a$.$ Bad debts are estimated to be $1\mathrm{.}5\%$ 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.

At December $31,$ Hawke Company reports the following results for its calendar year.

$\backslash$table$[[$Cash sales,$$1,905,000$