79,20 Question Help 5-17A (similar to) Perform the following accounting for the receivables of Able and Beamani a law firm, at December 31, 2018 Read the requirements a. Requirements 1 and 2. Start with the beginning balances for these T-accounts Accounts Receivable, 5103,000, Allowance for Uncollectible Accounts, 58,000 Post the following 2018 transactions to the T-accounts Service revenue of 5703,000, all on account b. Collections on account, $719,000 c. Write-offs of uncollectible accounts, 511.000 d. Uncollectible-account expense (allowance method), 59,000 What are the ending balances of Accounts Receivable and Alowance for Uncollectible Accounts Prepare the T-accounts for accounts receivable and allowance for uncollectible accounts (Abbreviation used: Bog bat - Beginning balance, End bat = Ending balance Uncall acct exp = Uncollectible account expense) Accounts Receivable Allowance for Uncollectible Accounts 1. Start with the beginning balances for these T-accounts: - Accounts Receivable, $103,000 Allowance for Uncollectible Accounts, $8,000 Post the following 2018 transactions to the T-accounts: a. Service revenue of $703.000, all on account b. Collections on account. $719,000 C. Write-offs of uncollectible accounts, $11,000 d. Uncollectible-account expense (allowance method), 59.000 2. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts? 3. Show how Able and Beaman will report accounts receivable on its balance sheet at December 31, 2018 Print Done