Required information Problem 7-2A Estimating and reporting bad debts LO P2, P3 [The following information opplies to the questions displayed below] At December 3t, Howke Company reports the following results for its calendar yeat. In addition, its unadjusted trial belance includes the following items. Problem 7-2A Part 1 Required: 1. Prepare the adjusting entry to record bad debts under each separate assumption. a. Bad debts are estimated to be 4% of credit sales. b. Bod debts are estimated to be 3% of total sales. c. An aging analysis estimates that 7% of year-end accounts receivable are uncollectible. Adjusting entries (all dated December 30). (Do not round intermediate calculations.) Journal entry worksheet 3 Had debts are estimated to be 4W of credit sales. Journal entry worksheet 1 An aging analysis estimates that 7% of year-end accounts receivable are uncollectible. Note: Enter debits before credits. Journal entry worksheet Bad debts are estimated to be 3% of total sales. Note: Enter debits before credits