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At December 31, Hawke Company reports the following results for its calendar year. Cash sales $ 1,569,710 Credit sales $ 3,830,000 In addition, its unadjusted
At December 31, Hawke Company reports the following results for its calendar year.
Cash sales | $ | 1,569,710 | |
Credit sales | $ | 3,830,000 | |
In addition, its unadjusted trial balance includes the following items.
Accounts receivable | $ | 1,160,490 | debit |
Allowance for doubtful accounts | $ | 16,550 | debit |
At December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,569,710 $3,830,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,160,490 debit $ 16,550 debit 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts n part 1a. Current assets: $ 1,160,490 Accounts receivable Less: Allowance for doubtful accounts $ 1,160,490 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 1c. (Do not round intermediate calculations.) Current assets: Accounts receivable $ 1,160,490 Less: Allowance for doubtful accounts $ 1,160,490 At December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,569,710 $3,830,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,160,490 debit $ 16,550 debit 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts n part 1a. Current assets: $ 1,160,490 Accounts receivable Less: Allowance for doubtful accounts $ 1,160,490 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 1c. (Do not round intermediate calculations.) Current assets: Accounts receivable $ 1,160,490 Less: Allowance for doubtful accounts $ 1,160,490
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