Perform the following accounting for the receivables of Cavanaugh and Johnson, an accounting from, at December 31, 2020. Resuirements Requirements 1 and 2. Prepare the accounts for accounts receivable and allowance for uncollectible accounts. (Leave any unused cells blank.) Accounts Receivable Allowance for Uncollectible Accounts Begal Beg bal End, bal Endbal Requirement 3. Show two ways Cavanaugh and Johnson could report accounts receivable on its balance sheet at December 31, 2020. (Use parentheses or a minus sign to indicate numbers to be subtracted Requirements Now show an alternate method of reporting accounts receivable on the balance sheet at December 31, 2020 1. Start with the beginning balances for these Taccounts: Accounts Receivable 587.000 Allowance for Uncollectible Accounts, $8,000 Post the following 2020 transactions to the T-accounts: a. Service revenue of $864,000, al on account b. Collections on account 57.000 e. Write-offs of uncollectible accounts. 36.000 d. Bad debt expense (lowance method) 57.000 2. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Account? 3. Show he ways Cawaugh and Johnson could report accounts receivable on its balance sheel at December 31, 2020 Print Done