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2 of 3 S eBook Required information [The following information applies to the questions displayed below.] At December 31, Hawke Company reports the following
2 of 3 S eBook 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 $ 480,000 $ 1,200,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $ 648,000 debit $ 6,500 debit Prim eferences 2. Bad debts are estimated to be 3% of credit sales. Show how Accounts Receivable and the Allowance for Doubtf on its December 31 balance sheet. Current assets
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