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Required information TThe following information apples to the questions displayed beiow] At December 31, Hawke Company reports the following results for its calendar year. CashmalesCreditllaless220,000$550,000

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Required information TThe following information apples to the questions displayed beiow] At December 31, Hawke Company reports the following results for its calendar year. CashmalesCreditllaless220,000$550,000 In addition, its unadjusted trial balance includes the following items, Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 4.6 of credit sales. b. Bad debts are estimated to be 3% of total sales. c. An aging analysis estimates that 4% of year-end accounts receivable are uncolectible. Adjusting entries (all dated December 31). Journal entry worksheet Bad debts are estimated to be 4% of credit sales. Note: Enter debits before credits. Required information Journal entry worksheet Bad debts are estimated to be 3% of total sales. Note: Enter debits before credits: Journal entry worksheet An aging analysis estimates that 4% of year-end accounts receivable are uncollectible. Note: Enter debits before credits

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