At December 31, Hawke Company reports the following results for its calendar year. Cash sales credit sales $ 1,905,000 $ 5,682,000 In addition, its unadjusted trial balance Includes the following items. Accounts receivable Allowance for doubtful accounts $ 1,270,100 debit $ 16,588 debit Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 1.5% 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). View transaction list Journal entry worksheet A B C Bad debts are estimated to be 1.5% of credit sales. Nota: Enter debits before credits. Date December 31 General Journal Debit Credit