At December 31, Hawke Company reports the following results for its calendar year Cash sales Credit sales $1,539,740 $3,418,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,035,654 debit $ 12,180 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 Bad debts are estimated to be 2% of total sales. Note: Enter debits before credits Transaction General Journal Debit Credit b. Record entry Clear entry View general Journal View Transaction ist Journal entry worksheet An aging analysis estimates that 6% of year-end accounts receivable are uncollectible Note: Enter debits before credits Transaction General Journal Debit Credit cos Record entry Clear entry View general Journal Required information [The following information applies to the questions displayed below.] At December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,539,740 $3,418,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,035,654 debit $ 12,180 debit 2. Bad debts are estimated to be 3% of credit sales Show how Accounts Receivable and the Allowance for Doubtful on its December 31 balance sheet Current assets Required information [The following information applies to the questions displayed below.) At December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,539,740 $3,418 , In addition, its unadjusted trial balance includes the following items, Accounts receivable Allowance for doubtful accounts $1,035,654 debit $ 12,180 debit 3. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. (Do not round Intermediate calculations.) Current assets