Required information

Problem 7-2A Estimating and reporting bad debts LO P2, P3

[The following information applies to the questions displayed below.] At December 31, 2017, Hawke Company reports the following results for its calendar year.

Cash sales	$	2,193,290
Credit sales		3,239,000

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

Accounts receivable	$	981,417	debit
Allowance for doubtful accounts		10,900	debit

Problem 7-2A Part 3

3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017, balance sheet given the facts in part 1c.

Current assets