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a. b. c. 3. Perform the following accounting for the receivables of Able and Beaman, a law firm, a December 31, 2021, Read the requirements

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a. b. c. 3. Perform the following accounting for the receivables of Able and Beaman, a law firm, a December 31, 2021, Read the requirements Requirements 1 and 2. Start with the beginning balances for these T-accounts: Accounts Receivable, 598,000, Alowance for Uncollectible Accounts, $1.000. Post the following 2021 transactions to the Taccounts: Service revenue of $704,000, all on account Colections on account, $723,000 Write-offs of uncollectible accounts, 56,000 d. Uncolectible-account expense (allowance method). $12,000. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts? Prepare the accounts for accounts receivable and allowance for uncollectie atcounts. (Abbreviation used: Bog bai - Beginning balance; End belt Ending balance; Unool act axp * Uncolectibile necount exponto) Accounts Receivable Allowance for Uncollectible Accounts (1) Beg bal 9800021 Collection 72.3000 3) Witos 11000 (6) Beg bal 11000 (5) Service (B) Uncollect revenue 704000 (6) Witools 11000 UN exp 12000 (9) End bal 68000 (12) End bal (1000) Requirement 3. Show how Able and Beaman will report accounts receivable on its balance sheet at December 31, 2021 (13) Less (10) (15) (10) (11) 1. Requirements 1. Start with the beginning balances for these T-accounts: Accounts Receivable $98,000 . Allowance for Uncollectble Accounts, 511.000 Post the following 2021 transactions to the T-account Service revenue of $704,000, all on account b. Colections on account 5723,000 c. Write-offs of uncollectible accounts, 50.000 4. Uncollectble-account expense (allowance method) $12,000 2. What are the ending balances of Accounts Receivable and lowance for Uncollectible Accounts 3. Show how Able and Beaman wil report accounts receivable on to balance sheet at December 31, 2021

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