At December 31, 2018, Hawke Company reports the following results for its calendar year.

Cash sales	$	1,243,470
Credit sales		3,545,000

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

Accounts receivable	$	1,074,135	debit
Allowance for doubtful accounts		12,690	debit

Required: 1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions.

1. Bad debts are estimated to be 4% of credit sales. (Round your final answers to the nearest whole dollar.)
2. Bad debts are estimated to be 3% of total sales.
3. An aging analysis estimates that 7% of year-end accounts receivable are uncollectible. (Round your final answers to the nearest whole dollar.)