6 Saved Help Sav Required information The following informat

6 Saved Help Sav Required information [The following information applies to the questions displayed below) At December 31, 2017, Hawke Company reports the following results for its calendar year Cash sales Credit sales $1,644,820 3,686,080 In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $1,116,858 debit 17,290 debit 2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017, balance sheet given the facts in part 1a earch Cl

Solution

ALLOWANCE FOR DOUBTFUL HAVE DEBIT BALANCE OF 17290 MEANS, THERE IS A BAD DEBT OF 17290 WHICH IS TO BE DEDUCTED FROM ACCOUNTS RECEIVABLES\\ CURRENT ASSETS ACCOUNT RECEIVABLES 1,116,858 LESS: BAD DEBT 17290 NET ACCOUNTS RECEIVABLE 1,099,568