Please solve clearly and explain.

At December 31, Hawke Company reports the following results for its calendar year. $2,139,630 Cash sales Credit sales $2,985,000 In addition, its unadjusted trial balance includes the following items. $904,455 debit Accounts receivable Allowance for doubtful accounts $ 23,680 debit Problem 7-2A Part 1 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 6% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). (Do not round intermediate calculations.) View transaction list Journal entry worksheet Bad debts are estimated to be 2% of total sales. Note: Enter debits before credits. Transaction General Journal b. Debit Credit