ioncom/flow/connect.htm 9 Graded Problems Saved 0 Required information The follo

Question

ioncom/flow/connect.htm 9 Graded Problems Saved 0 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 $1,905,000 Credit sales 5,682,000 In addition, its unadjusted trial balance includes the following items. $1,270,100 debit Accounts receivable Allowance for doubtful accounts 16,580 debit 3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017, balance sheet given the facts in part 1c. earch

Explanation / Answer

Current Asset Amount in $ Account receivables 1270100 Less: Allowance for doubtful Account 63505 1206595 (1270100*5%)

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