$!$

Required information

$[$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

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.

Current assets: