Question
At December 31, Hawke Company reports the following results for its calendar year. Cash sales $ 1,631,930 Credit sales $ 3,661,000 Current assets: In addition,
At December 31, Hawke Company reports the following results for its calendar year.
| Cash sales | $ | 1,631,930 | |
| Credit sales | $ | 3,661,000 | |
Current assets:
In addition, its unadjusted trial balance includes the following items.
| Accounts receivable | $ | 1,109,283 | debit |
| Allowance for doubtful accounts | $ | 17,230 | debit |
Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 1
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 2
1119048540, 978-1119048541
