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Required information Problem 7-2A Estimating and reporting bad debts LO P2, P3 [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 51,825.300 $3,04,00 In addition, its unadjusted trial balance includes the following items Accounts receivable Allowance for doitful accounts $1.152,612 debit 1 21.32 debit Problem 7-2A Part 1 Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption n. Bad debits are estimated to be 2 of credit Sales b. Bad debts are estimated to be 15 of total sales c. An aging analysis estimates that of year-end accounts receivable are un collectible Adjusting entries all dated December) (Do not round Intermediate calculations) Verwansaction Journal entry worksheet