Problem 7-2A (Static) 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. Cash sales Credit sales $ 1,905,000 $ 5,682,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts Problem 7-2A (Static) Part 3 $ 1,270, 100 debit $ 16,580 debit 3. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. Current assets:

Problem 7.2A (Static) 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. In addition, its unadjusted trial balance includes the following items. Problem 7-2A (Static) Part 3 3. An aging analysis estimates that 5% of year-end accounts recelvable are uncollectible. Show how Accounts Recelvable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet