Required information The following information applies to the questions displayed below.) At December 31, 2018,...
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Accounting
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 $1,537,650 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 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2018, balance sheet assuming that an aging analysis estimates that 6% of year-end accounts receivable are uncollectible Current assets: Accounts receivable Add: Allowance for doubtful accounts
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