Perform the following accounting for the receivables of Andrews and Johnson, a law firm, at December Requirements 1 and 2. Start with the beginning balances for these T-accounts: Accounts Receivable, $100,000, Allowance for Uncollectible Accounts, $14,000. Post the following 2021 transactions to the T-accounts: a. Service revenue of $697,000, all on account b. Collections on account, $714,000 c. Write-offs of uncollectible accounts, $8,000 d. Uncollectible-account expense (allowance method), $11,000. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts? 1. Start with the beginning balances for these T-accounts: Accounts Receivable, $100,000 Allowance for Uncollectible Accounts, $14,000 Post the following 2021 transactions to the T-accounts: a. Service revenue of $697,000, all on account b. Collections on account, $714,000 c. Write-offs of uncollectible accounts, $8,000 b. Collections on account, $714,000 c. Write-offs of uncollectible accounts, $8,000 d. Uncollectible-account expense (allowance method), $11,000 2. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts? w firm, 3. Show how Andrews and Johnson will report accounts receivable on its balance sheet at December 31, 2021. counts F transactic Prepare the T-accounts for accounts receivable and allowance for uncollectible accounts. (Abbreviation used: Beg bal = Beginning balance; End bal = Ending balance; Uncoll acct exp = Uncollectible account expense.) Accounts Receivable Allowance for Uncollectible Accounts pages Get more help Clear all Check