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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,
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.
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