16 Part 2 of 3 Required information Problem 7-2A (Algo) Estimating and reporting bad debts LO P2, P3 [The following information applies to the questions displayed below) At December 31, Hawke Company reports the following results for its calendar year. $ 560,000 $ 1,400,000 In addition, its unadjusted trial balance includes the following items, Cash sales Credit sales 2.5/5 points awarded Scored Accounts receivable Allowance for doubtful accounts 5.756,000 debit $ 7.680 debit Problem 7-2A (Algo) Part 2 2. Bod debts are estimated to be 3% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. Current assets Accounts receivable $ 7600 Less: Allowance for doubtful accounts $ 7,600 Tu Senec Patel