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can someone explain why i got this wrong and highlight the corrext answer plz Perform the following accounting for the receivables of Hawkins and Harriss,
can someone explain why i got this wrong and highlight the corrext answer plz
Perform the following accounting for the receivables of Hawkins and Harriss, a law firm, at December 31, 2018 Read the requirements Requirements 1 and 2. Start with the beginning balances for these Taccounts: Accounts Receivable, $4,000, Alowance for Uncolectible Accounts, $15,000. Post the following 2018 transactions to the accounts: Service revenue of $703,000, all on account b Collections on account. $721,000 C Write-offs of uncollectible nocounts, $7.000 d. Uncollectible-account expense (allowance method). $9,000. What we the ending balances of Accounts Receivable and Allowwo for Uncollectible Account? Prepare the T-scounts for accounts receivable and allowance for uncollectible accounts (Abbreviation used: Beg bol Beginning balance Requirements Accounts Receivable Allowance for Uncate Accounts Beg bal 34.000 Collections 721,000 Willos 7,000 Beg 15.000 Service revenue 703.000 Who's 7.000 Uncolnoct exp 7.000 1. Start with the beginning balances for these accounts: Endbal 60,000 End bal 15.000 Accounts Receivable $94.000 Allowance for Uncle Accounts, $15.000 Post the following 2018 transactions to the accounts & Service revenue of $700,000, al on sunt b. Collections on account 5721,000 e. Wiltos of uncollectible con 37,000 d. Uncollectible account expense (lowance method 59,000 2. What are the ending balances of Accounts Recebend Allowance for Uncrete Account? 3. Show how Hanking and will report accounts recen balance sheet December 31, 2018 Pri Done Choose from any or enter any number in the input aids and then chok Check Answer Ciel MacBook Air Step by Step Solution
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