Required information Problem 7-2A (Algo) Estimating and reporting bad debts LO P2, P3 The following information applies to the questions displayed below] At December 31, Hawke Company reports the foliowing results for its calendar year. Cashi salas 5. 240,000 Crodit nale \$ 600,000 In addition, its unadjusted trial balance includes the following items. Necount s : zece Lvable Alowance for doubtid aceoants $326,000 debit of 3,200 debie Problem 7-2A (Algo) Part 3 3. An aging analysis estimates that 5% of year-end accounts receivablo are uncolloctible. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. Required information Problem 7.2A (Algo) Estimating and reporting bad debts LO P2, P3 [The following information applles to the questions disployed below.] At December 31. Hawke Company reports the following results for its calendar year. CanhsalesCreditsales5240,000560,000 In addition, its ynadjusted trial balance includes the following items. hecounts receivablin \$ 324,000 dobit s. 3,200 debit Problem 7-2A (Algo) Part 3 3. An aging analysis est mates that 5% of year-end accounts receivable are uncollectible. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. Required information Problem 7-2A (Algo) Estimating and reporting bad debts LO P2, P3 The following information applios to the questions disployed below] Ar December 31, Hawke Company reports the following results for its calendar year. Canh sules Credts akien. 1240,600 580,690 In addition, its unadjusted tral balance includes the following items. Mecounte recedwable 8. 324,006 debit if 1,200 doblt Problem 7.2A (Algo) Part 3 3. An aging analysis estimates that 5% or yebr-end accounts receivable are uncolectble. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balsnce sheet