s At December 31 Hawke Company reports the following results for its calendar year Cash sales Credit sales 400 000 1 000 000 In addition its unadjusted trial balance includes the following items Accounts receivable Allowance for doubtful accounts 540 000 debit 5 400 debit Required 1 Prepare the adjusting entry to record bad debts under each separate assumption View transaction list 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 Check