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Harriet's Hats is a hat retailer (in other words. Harrier's buys hats from a hat...

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Accounting

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Harriet's Hats is a hat retailer (in other words. Harrier's buys hats from a hat manufacturer and then sells them in their stores). Transactions for 2014 are representative of such a company's business actives. This will help you familiarize yourself with all of the important facts. Using the T-accounts proviand record the transactor that ocoried during 2014 prepare the balance sheet, retained earrings satemert. and Incane statement lor Hornet s Hats, Inc tor the year ended December 31.2014 Sales and Accounts Recerrabe Dinng 2014, each hat had a sates price of $30 AJl sates were made on account Cash on account amounted to $41.000 receivable that wit becomo uncollectible. As of the erd of 2014, Hamel s es males that 12% of its receivables ml be

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