At December $31,$ Hawke Company reports the following results for its calendar year.

Cash sales

Credit sales

$$80,000$

$$200,000$

In addition, its unadjusted trial balance includes the following items.

Accounts receivable

Allowance for doubtful accounts

$$108,000$ debit

$$1,100$ debit

Problem $7-2$A $($Algo$)$ Part $3$

$3.$ An aging analysis estimates that $5\%$ of year$-$end accounts receivable are uncollectible. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December $31$ balance sheet.