At December 31, Hawke Company reports the following results for its calendar year. $1,308,840 Cash sales Credit sales $2,845,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable $862,035 debit Allowance for doubtful accounts $ 19, 210 debit Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 2% 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. Adjusting entries (all dated December 31). (Do not round intermediate calculations.) View transaction list View journal entry worksheet Debit Credit No 1 Transaction General Journal a. Bad debts expense Allowance for doubtful accounts 2 b. Bad debts expense Allowance for doubtful accounts 3 C. Bad debts expense Allowance for doubtful accounts At December 31, Hawke Company reports the following results for its calendar year. $1,308,840 Cash sales Credit sales $2,845,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable $862,035 debit Allowance for doubtful accounts $ 19, 210 debit 2. Bad debts are estimated to be 2% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. Current assets: $ 0 At December 31, Hawke Company reports the following results for its calendar year. $1,308, 840 Cash sales Credit sales $2,845,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable $862,035 debit Allowance for doubtful $ 19, 210 debit accounts 3. An aging analysis estimates that 5% 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: $ 0