Perform the following accounting for the receivables of Cavanaugh and Johnson, an accounting firm, at December 31, 2017 Requirements Requirements 1. and 2. Let's prepare the T-accounts for accounts receivable and allowance for uncollectible accounts. (Leave any unused cells blank.) Accounts Receivable Allowance for Uncollectible Accounts Beg. bal. Beg. bal End. bal. End. bal Requirement 3. Show two ways Cavanaugh and Johnson could report accounts receivable on its balance sheet at December 31, 2017. (Use parentheses or a minus sign to indicate numbers to be subtracted.) i Requirements 1. Start with the beginning balances for these T-accounts: Now, let's show an alternate method of reporting accounts receivable on the balance sheet at December 31, 2017. Accounts Receivable, $80,000 . Allowance for Uncollectible Accounts, $9,000 Post the following 2017 transactions to the T-accounts: a. Service revenue of $862,000, all on account b. Collections on account, S794,000 c. Write-offs of uncollectible accounts, $7,000 d. Bad debt expense (allowance method), $12,000 What are the ending balances of Accounts Receivable and Allowanc for Uncollectible Accounts? Show two ways Cavanaugh and Johnson could report accounts receivable on its balance sheet at December 31, 2017 2. 3. PrintDone