at December 31, 2017, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,922,870 2,802,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $849,006 debit 18,610 debit To recognize bad debts under each of the following independent assumptions. a. Bad debts are estimated to be 3% of credit sales. b. Bad debts are estimated to be 2% of total sales. c. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. . 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 3% of credit sales. b. Bad debts are estimated to be 2% of total sales. c. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31, 2017). View transaction list Journal entry worksheet 1 2 3 Bad debts are estimated to be 3% of credit sales. Journal entry worksheet Bad debts are estimated to be 3% of credit sales. Note: Enter debits before credits. Debit General Journal Transaction Credit