At December 31, 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.
Accounts receivable
$ 1,270,100 debit
Allowance for doubtful accounts
$16,580 debit
2. Bad debts are estimated to be 1. 5% of credit sales. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31 balance sheet.