ences 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 $ 480,000 $ 1,200,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable. Allowance for doubtful accounts $ 648,000 debit $ 6,500 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 5% of year-end accounts receivable are uncollectible A B Bad debts are estimated to be 3% of credit sales. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general Journal < A B C Bad debts are estimated to be 2% of total sales. Note: Enter debits before credits. Date December 31 13 General Journal Debit Credit > Record entry Clear entry View general journal Journal entry worksheet < A B C An aging analysis estimates that 5% of year-end accounts receivable are uncollectible.. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal 7