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.

Cash sales	$	1,892,050
Credit sales	$	3,179,000

In addition, its unadjusted trial balance includes the following items.

Accounts receivable	$	963,237	debit
Allowance for doubtful accounts	$	14,300	debit

Problem 7-2A (Algo) Part 3

3. An aging analysis estimates that 7% of year-end accounts receivable are uncollectible. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet. (Do not round intermediate calculations.)