Required information Problem 9-2A (Algo) Estimating and reporting bad debts LO P2, P3 At December 31, Hawke Company reports the following results for its calendar year. Cash sales $ 480,000 Credit sales $ 1,200,000 In addition, its unadjusted trial balance includes the following items. Accounts receivable $ 648,000 debit Allowance for doubtful accounts $ 6,500 debit 2. Bad debts are estimated to be 3% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet.

How does the accounts receivable and the allowance for doubtful accounts appear on its December 31st balance sheet when bad debts is estimated to be 3% of credit sales