Required Information {The following information applies to the questions displayed below.) At December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $2,285,240 $3,527,820 In addition, its unedjusted triel balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,268,681 debit $ 18,240 debit Required: 1. Prepare the adjusting entry to record bed debts under each seporste assumption. a. Bed debts are estimated to be 3% of credit sales. b. Bsd debts are estimated to be 2% of total sales. c. An aging analysis estimates thet 6% of yesr-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). (Do not round Intermediate calculations.) View transaction lit Vlow journal entry worksheet No Transaction Credit General Journal Bad debts expense Allowance for doubtful accounts Debit 86.460 1 26.460 2 b. Bad debts expense Allowance for doubtful accounts 3 C 63.405 Bad debts expense Allowance for doubtful accounts 63.405