The following information applies to the questions displayed below.$]$

At December $31,$ Hawke Company reports the following results for its calendar year.

Cash sales $ $160,000$

Credit sales $ $400,000$

In addition, its unadjusted trial balance includes the following items.

Accounts receivable $ $120,000$ debit

Allowance for doubtful accounts $ $1,400$ debit

Required:

$1.$ Prepare the adjusting entry to record bad debts under each separate assumption.

Bad debts are estimated to be $2\%$ of credit sales.

Bad debts are estimated to be $1\%$ of total sales.

An aging analysis estimates that $6\%$ of year$-$end accounts receivable are uncollectible.

Adjusting entries $($all dated December $31).$