At December 31, Hawke Company reports the following results for its calendar year. Cash sales $ 1,905,000 Credit sales $ 5,682,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $ 1,270,100 debit $ 16,580 debit
At December 31, Hawke Company reports the following results for its calendar year. Cash sales $ 1,905,000 Credit sales $ 5,682,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $ 1,270,100 debit $ 16,580 debit
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 4PB: Bristax Corporation recorded $1,385,660 in credit sales for the year, and $732,410 in accounts...
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![Required information
[The following information applies to the questions displayed below.]
At December 31, Hawke Company reports the following results for its calendar year.
$ 1,905,000
$ 5,682,000
In addition, its unadjusted trial balance includes the following items.
Cash sales
Credit sales
Accounts receivable
Allowance for doubtful accounts.
$ 1,270, 100 debit
$ 16,580 debit
2. Bad debts are estimated to be 1.5% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts
appear on its December 31 balance sheet.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6bfe29d4-782f-428b-937b-485b5d1c1aec%2Fad6ee3ad-5651-4482-b158-e4ffd0efac80%2F56c90yr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
At December 31, Hawke Company reports the following results for its calendar year.
$ 1,905,000
$ 5,682,000
In addition, its unadjusted trial balance includes the following items.
Cash sales
Credit sales
Accounts receivable
Allowance for doubtful accounts.
$ 1,270, 100 debit
$ 16,580 debit
2. Bad debts are estimated to be 1.5% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts
appear on its December 31 balance sheet.
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