Question: Help Save & Required information Problem 7-2A Estimating and reporting bad debts LO P2, P3 The following information applies to the questions displayed below.] At
Help Save & Required information Problem 7-2A Estimating and reporting bad debts LO P2, P3 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 $1,355,198 3,508.e08 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,862.924 debit 28,898 debit Problem 7-2A Part 2 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2018, balance sheet assuming that bad debts are estimated to be 4% of credit sales. Current assets
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