Perform the following accounting for the receivables of Cavanaugh and Johnson, a law firm, at December 31, 2021. Read the fequirements. Requirements 1 and 2. Start with the beginning balances for these T-accounts: Accounts Receivable, $94,000, Allowance for Uncollectible Accounts, $9,000. Post the following 2021 transactions to the T-accounts: a. Service revenue of $695,000, all on account b. Collections on account, $718,000 c. Write-offs of uncollectible accounts, $11,000 d. Uncollectible-account expense (allowance method), $13,000. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts? 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 Beg bal 94,000 Service revenue 695,000 Collections Write-offs 718,000 Write-offs 11,000 Allowance for Uncollectible Accounts 11,000 Beg bal Uncoll acct exp 9,000 13,000 End bal 60,000 End bal 11,000 Requirement 3. Show how Cavanaugh and Johnson will report accounts receivable on its balance sheet at December 31, 2021.1 Accounts receivable Less Allowance for uncollectible accounts Accounts receivable 60000 11000 49000 ements 1 and 2 ccounts: Gervice revenue Collections on ad Write-offs of unce Incollectible-acc the T-accounts ctible account e Requirements 1. Start with the beginning balances for these T-accounts: Accounts Receivable, $94,000 Allowance for Uncollectible Accounts, $9,000 Post the following 2021 transactions to the T-accounts: a. Service revenue of $695,000, all on account b. Collections on account, $718,000 c. Write-offs of uncollectible accounts, $11,000 al a revenue ement 3. Show d. Uncollectible-account expense (allowance method), $13,000 2. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts? 3. Show how Cavanaugh and Johnson will report accounts receivable on its balance sheet at December 31, 2021. nts receivable Allowance for Print Done ncollectible Accour Allowance for Unco ng balance; End b ,000 ,000 ,000