Requlred Information [The following information applies to the questions displayed below.] At December 31. Hawke Company reports the following results for its calendar year. In addition, its unadjusted trial balance includes the following items. Requlred: 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. Note: Enter debits before credits. 2. Bad debts are estimated to be 3% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. \begin{tabular}{|l|l|ll|} \hline Current assets: \\ \hline & & & \\ \hline & $ & 0 \\ \hline \end{tabular} 3. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet