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

Cash sales	$	2,067,020
Credit sales	$	3,976,000

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

Accounts receivable	$	1,204,728	debit
Allowance for doubtful accounts	$	19,020	debit

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.)

On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $15,000. Jarden prepares a schedule of its December 31 accounts receivable by age.

Accounts Receivable		Age of Accounts Receivable	Expected Percent Uncollectible
$	860,000	Not yet due	1.15	%
	344,000	1 to 30 days past due	1.90
	68,800	31 to 60 days past due	6.40
	34,400	61 to 90 days past due	32.25
	13,760	Over 90 days past due	67.00

2. Prepare the adjusting entry to record bad debts expense at December 31. (Round percentage answers to nearest whole percent. Do not round intermediate calculations.)

Current assets: Accounts Receivable Percent Uncollectible (#.##%) Estimated Uncollectible Not due: 11 1 to 30: = 31 to 60: 61 to 90: Over 90: = Estimated balance of allowance for uncollectibles Current assets