Che Required information Problem 9-2A Estimating and reporting bad debts LO P2, P3 [The following information applies to the questions displayed below] At December 31, 2017, Hawke Company reports the following results for its calendar year Cash sales Credit sales $1,9es,eee 5,682,800 In addition, its unadjusted trial balance includes the following items Accounts receivable Allowance for doubtful accounts $ 1,27e, 1e0 debit 16,589 debit Problem 9-2A Part 1 Required: 1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions Bad debts are estimated to be 15% of credit sales Bad debts are estimated to be 1% of total sales An aging analysis estimates that 5% of yearend accounts receivable are uncollectible. a. b. Adjusting entries (all dated December 31, 2017) View transaction list Journal entry worksheet