Required information [The following information applies to the questions displayed below.] At December 31, Hawke...
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Accounting
Required information [The following information applies to the questions displayed below.] At December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,480,230 $2,940,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $ 890,820 debit $ 18,010 debit 2. Bad debts are estimated to be 2% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. Current assets: Accounts receivable $ 890,820 Less: Allowance for doubtful accounts $ 890,820
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