Lincoln Delvery Cosporation is an overtioht shoper Read the tequiremints. a. Service revenue was $32,600 malion, of which 15% b cash and the remainder bo seceint. Requirements 1. Journalize the following transactions of Lincoln for the year ended December 31, 2022 . (explanations are not required): a. Service revenue was $32,600 million, of which 15% is cash and the remainder is on account b. Collections from customers on account were $26,364 million. c. Uncollectible-account expense was 3% of service revenue on account. d. Write-offs of uncollectible accounts receivable were $851 million. e. On December 1, Lincoln received a 2-month, 9%,$135 million note receivable from a large corporate customer in exchange for the customer's past due account, Lincoln made the proper year-end adjusting entry for the interest on this note. f. Lincoln's December 31, 2022, year-end bank statement reported $40 million of non-sufficient (NSF) checks from customers. 2. T-accounts for Accounts Receivable and Allowance for Uncollectible Accounts have been opened. Insert the December 31, 2021, balances as given. Post your entries to the Accounts Receivable and Allowance for Uncollectible Accounts T-accounts. 3. Compute the ending balances for Accounts Receivable and the Allowance for Uncollectible Accounts and compare your balances to the actual December 31, 2022, amounts. They should be the same. How much does Lincoln expect to collect from its customers after December 31, 2022? 4. Show the net effect of these transactions on Lincoln Delivery's net income for the year ended December 31, 2022. More info Since it sells on credit, the company cannot expect to collect 100% of its accounts receivable. At December 31, 2021, and 2022, Lincoln reported the following on its balance sheet (in millions of dollars): During the year ended December 31,2022, Lincoln earned service revenue and collected cash from customers. Assume uncollectible-account expense for the year was 3% of service revenue on account and that Lincoln wrote off uncollectible receivables and made other adjustments as necessary. At year-end, Lincoln ended with the foregoing December 31,2022 , balances