Problem 7-2a estimating and reporting bad debts lo p2, p3 [the following information applies to the questions displayed below.] at december 31, 2018, hawke company reports the following results for its calendar year. cash sales $ 1,867,290 credit sales 3,128,000 in addition, its unadjusted trial balance includes the following items. accounts receivable $ 947,784 debit allowance for doubtful accounts 12,630 debit problem 7-2a 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 3% of credit sales. (round your final answers to the nearest whole dollar.) bad debts are estimated to be 2% of total sales. an aging analysis estimates that 6% of year-end accounts receivable are uncollectible. (round your final answers to the nearest whole dollar.)