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Required information [The following information applies to the questions displayed below] At December 31 , Hawke Company reports the following results for its calendar year. cashsalesCreditsales$220,0005550,000 In addition, its unadjusted trial balance includes the following items. Aeeount recelvable Allowanee for. doubtful accounta 6. 495,090 debit \& 4,600 debit Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 4% of credit sales. b. Bad debts are estimated to be 3% of total sales. c. An aging analysis estimates that 4% of year-end accounts recelvable are uncollectible. Adjusting entries (all dated December 31). Journal entry worksheet Bad debts are estimated to be 4% of credit sales. Note: Enter debits before credits. Adjusting entries (all dated December 31). Journal entry worksheet