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3 es Required information The following information applies to the questions displayed below At December...

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Basic Math

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3 es 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 540 000 debit 5 400 debit 2 Bad debts are estimated to be 3 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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