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Required information (The following information applies to the questions displayed below) At December 31, 2018, Hawke Company reports the following results for its calendar year.

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Required information (The following information applies to the questions displayed below) At December 31, 2018, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,537,658 2,856,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $865,368 debit 17,310 debit 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2018, balance sheet assuming that bad debts are estimated to be 3% of credit sales. Current assets: Accounts receivable Less: Allowance for doubtful accounts

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