[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 $ 160,000 $ 400,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $216,000 debit $ 2,200 debit Required: 1. 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). View transaction list Journal entry worksheet B Bad debts are estimated to be 3% of credit sales. Note: Enter debits before credits Date December 31 General Journal Debit Credit [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 $ 216,000 debit Allowance for doubtful accounts $ 2,200 debit 2 Bad debts are estimated to be 3% of credit sales Show how Accounts Receivable and the Alowance for Doubtful Accounts appear on its December 31 balance sheet Current assets $ 0 yed below! At December 31, Hawke Company reports the following results for its calendar year Cash sales Credit sales $ 160,000 $ 400,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $ 216,000 debit $ 2,200 debit 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. Current assets