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 $1,415, 890 Credit sales $3, 767,000 In addition, Its unadjusted trial balance Includes the following items. Accounts receivable $1, 141, 401 debit Allowance for doubtful accounts $ 29, 830 debit Required: . 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 6% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 31). (Do not round Intermediate calculations.) View transaction list Journal entry worksheet 3 > Bad debts are estimated to be 3% of credit sales. Note: Enter debits before credits Transaction General Journal Dobit Credit