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1. Start with the beginning balances for these T-accounts: Accounts Receivable, $98,000 Allowance for Uncollectible Accounts, $11,000 Post the following 2018 transactions to the T-accounts:
1. Start with the beginning balances for these T-accounts: Accounts Receivable, $98,000 Allowance for Uncollectible Accounts, $11,000 Post the following 2018 transactions to the T-accounts: a. Service revenue of $695,000, all on account b. Collections on account, $722,000 c. Write-offs of uncollectible accounts, $6,000 d. Uncollectible-account expense (allowance method), $9,000 2. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts? 3. Show how Garvey and Pullman will report accounts receivable on its balance sheet at December 31, 2018. Perform the following accounting for the receivables of Garvey and Pullman, a law firm, at December 31, 2018. Read the requirements Requirements 1 and 2. Start with the beginning balances for these T-accounts: Accounts Receivable, $98,000, Allowance for Uncollectible Accounts, $11,000. Post the following 2018 transactions to the T-accounts: a. Service revenue of $695,000, all on account b. Collections on account, $722,000 c. Write-offs of uncollectible accounts, $6,000 d. Uncollectible-account expense (allowance method), $9,000. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts? Prepare the T-accounts for accounts receivable and allowance for uncollectible accounts. (Abbreviation used: Beg bal = Beginning balance; End bal = Ending balance; Uncoll acct exp = Uncollectible account expense.) Accounts Receivable Allowance for Uncollectible Accounts Choose from any list or enter any number in the input fields and then click Check
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