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 $280,000 $700,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $210,000 debit $ 2,500 debit 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 nts Journal entry worksheet < A B C eBook Print References Bad debts are estimated to be 2% of credit sales. Note: Enter debits before credits. Date: December 31 General Journal General Debit Credit View general journal Clear entry Record entry ook rit ences Journal entry worksheet A C Bad debts are estimated to be 1% of total sales. Note: Enter debits before credits Date December 31 General Journal Debit Credit View general journal Clear entry Record entry ints Journal entry worksheet < A B eBook 63 Print References An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Note: Enter debits before credits, Date December 31 General Journal Debit Credit View general journal Clear entry Record entry