At December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,854,650 $2,989 , In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $905, 667 debit $ 23,600 debit Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. 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). (Do not round intermediate calculations.) Journal entry worksheet 1 2 3 Bad debts are estimated to be 3% of credit sales. Note: Enter debits before credits Transaction General Journal Debit Credit a WLADDUwal