Required information 11 of 3 [The following information applies to the questions displayed below] At December 31, Hawke Company reports the following results for its calendar year. nts Cash sales Credit sales $ 640,000 $ 1,600,000 In addition, its unadjusted trial balance includes the following items. eBook Accounts receivable Allowance for doubtful accounts $ 480,000 debit $ 5,800 debit References Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 2% of credit sales. b. Bad debts are estimated to be 1% of total sales. c. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). View transaction list Journal entry worksheet