what is the less allowance for doubtful accounts?

answers for questions 2&3

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 $1,491,960 $3,387,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,026,261 debit $ 15,740 debit 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts annear on its December 31 balance sheet oiven the facts 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts in part 1a. Answer is complete but not entirely correct. Current assets: Accounts receivable Loss: Allowance for doubtful accounts $ 1,026,261 31.260 $ 995,001 1 of 3 a. Bad debts are estimated to be 3% of credit sales. b. Bad debts are estimated to be 2% of total sales. c. An aging analysis estimates that 6% of year-end accounts receivable are uncollectible. Aciusting entries (all dated December 31). (Do not round intermediate calculations.) Credit No Transaction Answer is complete and correct. General Journal Bad debts expense Allowance for doubtful accounts Debit 101,610 1 a 101,610 2 b 97,579 Bad debts expense Allowance for doubtful accounts 97,579 3 77,316 Bad debts expenso Allowance for doubtful accounts O 77,316 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,026,261 debit $ 15,748 debit 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet given the facts In part 1c (Do not round intermediate calculations.) Current assots