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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
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 $1,302,950 $3,281,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts 5994, 143 debit $ 29,090 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. Current assets
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