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At December 31, Hawke Company reports the following results for its calendar year. In...

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Accounting

At December 31, Hawke Company reports the following results for its calendar year.
In addition, its unadjusted trial balance includes the following items.
Accounts receivable
Allowance for doubtful accounts
$1,270,100 debit
$16,580 debit
Required:
. Prepare the adjusting entry to record bad debts under each separate assumption.
a. Bad debts are estimated to be 1.5% of credit sales.
b. Bad debts are estimated to be 1% of total sales.
c. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible.
Adjusting entries (all dated December 31). Assistance on how to calculate the aging analysis estimate of 5% year end accts receivable of uncollectable please (part c)
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