Required information [The following information applies to the questions displayed below.] At December 31, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $ 640,000 $ 1,600,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts Current assets: $ 480,000 debit $ 5,800 debit 2. Bad debts are estimated to be 2% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet.

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. 2. Bad debts are estimated to be 2% of credit sales. Show how Accounts Recelvable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet