K Perform the following accounting for the receivables of Cavanaugh and Johnson, an accounting firm, as of Read the requirements. Requirements 1. and 2. Prepare the T-accounts for accounts receivable and allowance for uncollectible acc do not select a label or enter a zero.) Accounts Receivable Beg. bal. End. bal. End. bal. Allowance for Uncollectible Beg. ba Requirement 3. Show two ways Cavanaugh and Johnson could report accounts receivable on its balance s numbers to be subtracted.) Now, show an alternate method of reporting accounts receivable on the balance sheet as of December 31, 20XX. 1. Start with the beginning balances for these T-accounts: Accounts Receivable, $84,000 Allowance for Uncollectible Accounts, $5,000 credit bala Post the following 20XX transactions to the T-accounts: a. Service revenue of $861,000, all on account b. Collections on account, $798,000 c. Write-offs of uncollectible accounts, $12,000 d. Bad debt expense (allowance method), $9,500 2. What are the ending balances of Accounts Receivable and Uncollectible Accounts? 3. Show two ways Cavanaugh and Johnson could report acc receivable on its balance sheet as of December 31, 20XX Done

Perform the following accounting for the recoivabiles of Cavanaugh and Johnson, an accouinting ferm, as of C Requirements 1, and 2. Prepare the Traccounts for accounts receivable and allowance for uncollectible act do not select a label or enter a rero.) 1. Start with the beginning balances for these T-accounts: - Accounts Receivable, $84,000 - Alowance for Uncollectble Accounts, \$5,000 credit bal Post the following 20x transactions to the T-accounts: a. Service revenue of $961,000, all on account b. Colections on account, 5796,000 c. Wrie-offs of uncolectible accounts, $12,000 d. Bad debt expense (allowance mechod), 39,500 2. What are the ending balances of Accounts Receivabilo an Uncollectible Accounts? 3. Show two ways Cavanaugh and Johnson could report receivable on is balance sheet as of Decertber 31, 20xX Requirement 3. Show two ways Cavanaugh and Johnsen could report accounts receivable on is balance numbers to be subtracted) Now, show an allemate method of reporting accounts recelvable on the bilance sheet as of December 31,200