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Problem 7-2A Estimating and reporting bad debts LO P2, P3 [The following information applies to the questions displayed below.]
At December 31, 2017, Hawke Company reports the following results for its calendar year.
Cash sales $ 1,747,460
Credit sales 2,951,000
In addition, its unadjusted trial balance includes the following items.
Accounts receivable $ 894,153 debit
Allowance for doubtful accounts 13,640 debit
3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017, balance sheet given the facts in part 1c.
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