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 $1,572,930 $3,210,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $972,639 debit $ 27,680 debit Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. 8. Bad debts are estimated to be 89 of credit sales. b. Bad debts are estimated to be 29 of total sales C. Allaging analysis estimates that 66 of year-end accounts receivable are uncollectible HAN THERE