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Required information Skip to question [ The following information applies to the questions displayed below. ] At December 3 1 , Hawke Company reports the

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[The following information applies to the questions displayed below.]
At December 31, Hawke Company reports the following results for its calendar year.
Cash sales $ 240,000
Credit sales $ 600,000
In addition, its unadjusted trial balance includes the following items.
Accounts receivable $ 324,000 debit
Allowance for doubtful accounts $ 3,200 debit
2. Bad debts are estimated to be 3% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet.

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