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$ 5,682,000In addition, its unadjusted trial balance includes the following items.Cash salesCredit salesAccounts receivableAllowance for doubtful accounts.$ 1,270, 100 debit$ 16,580 debit2. Bad debts are estimated to be 1.5% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accountsappear on its December 31 balance sheet.

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Uploaded: 2024-03-04T10:43:15.000Z
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Description: 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$ 5,682,000In addition, its unadjusted trial balance includes the f

Bad debt expense is based on a certain % of credit sales. Ending allowance account balance is based…

Business

Accounting

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