At December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales In addition, its unadjusted trial balance includes the following items. $ 160,000 $ 400,000 Accounts receivable Allowance for doubtful accounts Current assets 2. Bad debts are estimated to be 4% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. + $360,000 debit $ 2,900 debit

At December 31, Hawke Company reports the following results for its calendar year CashsalesCreditsales$160,000$400,000 In addition, its unadjusted trial balance includes the following items 2. Bad debts are estimated to be 4% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear its December 31 balance sheet