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Perform the foliowing accounting for the receivables of Able and Beaman, a law firm, at December 31,2018 . Read the teouirements. Requirements 1 and 2.

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Perform the foliowing accounting for the receivables of Able and Beaman, a law firm, at December 31,2018 . Read the teouirements. Requirements 1 and 2. Start with the begineing balances for these T-accounts: Accounts Receivatle, $104,000, Alowance for Uncoliect ble Accounts, 511,000 . Post the following 2018 transactor to the Taccounts: a. Service revenwe of 5703,000 , all on account b. Collections on actount, $722,000 c. Write- ofts of uncolectble accounts, 510,000 d. Uncolectble-account expense (aiowance method), 59,000 . What we the ending balances of Accounts Recoivable and Alowance for Uncolectible Accounts? Uncoloctible account experan) 1. Start with the beginning balances for these T-accounts: - Accounts Receivable, $104,000 - Allowance for Uncollectible Accounts, $11,000 Post the following 2018 transactions to the T-accounts: a. Service revenue of $703,000, all on account b. Collections on account, $722,000 c. Write-offs of uncollectible accounts, $10,000 d. Uncollectible-account expense (allowance method), $9,000 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

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