Perform the following accounting for the receivables of Able and Beaman, an accounting firm, at December 31, 2020 Requirements Requirements 1 and 2. Prepare the T hused cells blank.) Requirements Accounts Receive - X Beg bal End bal Requirement 3. Show two ways Ablo Indicate numbers to be subtracted.) (Use parentheses or a minus sign to 1. Start with the beginning balances for these T-accounts Accounts Receivable, $82,000 Allowance for Uncollectible Accounts. $14000 Post the following 2020 transactions to the T-accounts a. Service revenue of $850.000 all on account b. Collections on account $792.000 c. Write-offs of uncollectible accounts, $13,000 d. Bad debt expense allowance method), S5 000 2. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts ? 3. Show two ways Able and Beaman could report accounts receivable on its balance sheet at December 31, 2020 Now show an alternate method of repo Print Done Choose from any list or enter any number in the input fields and then continue to the next question Requirements 1. and 2. Prepare the T-accounts for accounts receivable and allowance for uncollectible accoun Accounts Receivable Allowance for Uncollectible Beg bal. Beg. bal. End, bal. Bad debt exp. Collections Service revenue Write-offs two ways Able and Beaman could report accounts receivable on its balance sheet at Dece be subtracted.) Now show an alternate method of reporting accounts receivable on the balance sheet at December 31, 2020 Perform the following accounting for the receivables of Able and Beaman, an accounting firm, at December 3 Requirements Requirements 1. and 2. Prepare the T-accounts for accounts receivable and allowance for uncollectible acco Accounts Receivable Allowance for Uncollectible Beg bal Beg. bal End, bal. End, bal. Requirement 3. Show two ways Able and Beaman could report accounts receivable on its balance sheet at D indicate numbers to be subtracted.) unts receivable on the balance sheet at December 31, 2020 Accounts receivable Accounts receivable, net | Bad debt expense Collections Credit sales Less: Allowance for uncollectible accounts Less: Bad debt expense Write-offs Choose from any list or enter any number in the input fields and then continue to the next question. able on its balance | Accounts receivable i Accounts receivable, net of allowance for uncollectible accounts of $6,000 Bad debt expense Collections Credit sales Less: Allowance for uncollectible accounts Less: Bad debt expense I Write-offs sheet at Decembe Choose from any list or enter any number in the input fields and then continue to the next que Perform the following accounting for the receivables of Able and Beaman, an accounting firm, at December 31, 2020 Requirements Requirements 1. and 2. Prepare the T-accounts for accounts receivable and allowance for uncollectible accounts. (Leave any unused cells Accounts Receivable Allowance for Uncollectible Accounts Beg bal Beg bal End, bal End bal Requirement 3. Show two ways Able and Beaman could report accounts receivable on its balance sheet at December 31, 2020. (Use parenth indicate numbers to be subtracted.) Now show an alternate method of reporting accounts receivable on the balance sheet at December 31, 2020
