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Perform the following accounting for the receivables of Evans and Tanner, a law fam, of December 31,2021 Read the requirements Requirements 1 and 2.
Perform the following accounting for the receivables of Evans and Tanner, a law fam, of December 31,2021 Read the requirements Requirements 1 and 2. Start with the beginning balances for these T-accounts Accounts Receivable $90,000, Allowance for Uncollectible Accounts $7,000 Post the following 2021 transactions to the Taccounts a. Service revenue of 5000,000, all on account Collections on account, $710,000 b. c White-offs of uncollectible accounts $10,000 d. Uncollectible account expense (allowance method) $5,000 What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts? Prepare the T-accounts for accounts receivable and allowance for uncolectible accounts (Abbreviation used Beg bal-Beginning balance End bal Ending balance Uncoll acct exp Uncollectible account expense Accounts Receivable Alowance for Uecolectible Accounts
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