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At December $31,$ Hawke Company reports the following results for its calendar year.

Cash sales $ $220,000$

Credit sales $ $550,000$

In addition, its unadjusted trial balance includes the following items.

Accounts receivable $ $495,000$ debit

Allowance for doubtful accounts $ $4,000$ debit

Required:

$1.$ Prepare the adjusting entry to record bad debts under each separate assumption.

Bad debts are estimated to be $4\%$ of credit sales.

Bad debts are estimated to be $3\%$ of total sales.

An aging analysis estimates that $4\%$ of year$-$end accounts receivable are uncollectible.

Adjusting entries $($all dated December $31).$