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 $ 400,000 $ 1,000,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $ 300,000 debit $ 3,600 debit action list View journal entry worksheet Date December 31 Bad debts expense Allowance for doubtful accounts General Journal Debit Credit 20,000 December 31 Bad debts expense Allowance for doubtful accounts 20,000 14,000 14,000 December 31 Bad debts expense 18,000 Allowance for doubtful accounts 18,000 H......: 3. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. Current assets: Accounts receivable $ 300,000 Less: Allowance for doubtful accounts $ 300,000 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. Current assets: Accounts receivable $ 300,000 Less: Allowance for doubtful accounts $ 300,000