Required information

Problem $9-2$A $($Algo$)$ Estimating and reporting bad debts LO P$2,$ P$3$

$[$The following information applies to the questions displayed below.$]$

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

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

Accounts receivable

$ $324,000$ debit

Allowance for doubtful accounts

$ $3,200$ debit

Problem $9-2$A $($Algo$)$ Part $3$

An aging analysis estimates 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.