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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.
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 Allowance for doubtful account: $360,000debit$2,900debit 2. Bad debts are estimated to be 4% 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. Accounts receivable Allowance for doubtful account: $360,000debit$2,900debit 2. Bad debts are estimated to be 4% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet
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