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At December 31, Hawke Company reports the following results for its calendar year In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $756,000 debit 37,600 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. Ar aging analysis estimates that 5% of year-end accounts receivable are uncollectible: 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. Adjusting entries (all dated December 31 ). Journal entry worksheet Bad debts are estimated to be 3% of credit sales. Note: Enter debits before credits. 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 Adjusting entries (all dated December 31). Journal entry worksheet Bad debts are estimated to be 2% of total sales. Note: Enter debits before credits. 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. Adjusting entries (all dated December 31) Journal entry worksheet An aging analysis estimates that 5% of year-end accounts receivatif are uncollectible. Note: Enter debits before credits