Ch 7 Homework 2 Part23 20 Required information Problem 7-2A (Algo) Estimating and reporting bad debts LO P2, P3 (The following information applies to the questions displayed below) At December 31, Hawke Company reports the following results for its calendar year. Credit sales $100,000 $ 250,000 In addition, its unadjusted trial balance includes the following items. H Acounts receivable. Allowance for doubtful accounta 225,000 bit $1,800 debit Hatp Save Submit Check my work Problem 7-2A (Algo) Part 2 2. Bad debts are estimated to be 4% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet Current assets