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[The following information applies to the questions displayed below.] At December 31, Hawke Company reports the following results for its calendar year. Cash sales $
[The following information applies to the questions displayed below.] At December 31, Hawke Company reports the following results for its calendar year.
Cash sales | $ | 1,780,720 | |
Credit sales | $ | 3,879,000 | |
In addition, its unadjusted trial balance includes the following items.
Accounts receivable | $ | 1,175,337 | debit |
Allowance for doubtful accounts | $ | 10,840 | debit |
2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 1a.
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