At December 31, Hawke Company reports the following results for its calendar year. Cash sales $...
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At December 31, Hawke Company reports the following results for its calendar year. Cash sales $ 760,000 Credit sales$ 1,900,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $ 570,000 debit $ 6,800 debit Problem 9-2A (Algo) Part 2 2. Bad debts are estimated to be 2% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. Current assets: At December 31, Hawke Company reports the following results for its calendar year. Cash sales $ 760,000 Credit sales$ 1,900,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $ 570,000 debit $ 6,800 debit Problem 9-2A (Algo) Part 2 2. Bad debts are estimated to be 2% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. Current assets:
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Allowance for doubtful account adjusted can be computed by using the formula Bad debt expens... View the full answer
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