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$160,000$400,000 In addition, its unadjusted trial balance includes the following items. AccountsreceivableAllowancefordoubtfulaccounts$216,000debit$2,200debit 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 5% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). Journal entry worksheet Bad debts are estimated to be 3% of credit sales. 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$160,000$400,000 In addition, its unadjusted trial balance includes the following items. AccountsreceivableAllowancefordoubtfulaccounts$216,000debit$2,200debit Bad debts are estimated to be 3% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear its December 31 balance sheet. Complete this question by entering your answers in the tabs below. Prepare the journal entries for required 2 to both (a) reimburse and (b) increase the fund amount. (Round your answers to 2 decimal places.) Journal entry worksheet Record the reimbursement of the petty cash fund. Note: Enter debits before credits