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At December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $520,000 $ 1,300,000 In addition, its unadjusted
At December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $520,000 $ 1,300,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $ 390,000 debit $ 4,700 debit 3. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. Current assets:
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