Required information [The following information applies to the questions display

Question

Required information [The following information applies to the questions displayed below. At December 31, 2017, Hawke Company reports the following results for its calendar year. Cash sales Credit sales $1,905,000 5,682,000 In addition, its unadjusted trial Accounts receivable Allowance for doubtful accounts $1,270,100 debit 16,580 debit 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017, balance sheet given the facts in part 1a. Current assets:

Explanation / Answer

Current assets:

2

Current assets:

Accounts receivable $1,270,100 Less: Allowance for doubtful accounts (68,650) $1,201,450

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