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Perform the following accounting for the receivables of Robbins and Williams, a law firm, at December 31, 2008 Read the requirements Requirements Requirements 1
Perform the following accounting for the receivables of Robbins and Williams, a law firm, at December 31, 2008 Read the requirements Requirements Requirements 1 and 2. Start with the beginning balances for these T- Service revenue of $753,000, all on account b. Collections on account, $774,000 C. Write-offs of uncollectible accounts, $8,000 d. Uncollectible-account expense (allowance method), $12,000 What are the ending balances of Accounts Receivable and Allowance f bal Ending balance, Uncoll acct exp Uncollectible Account Expens Accounts Receivable Allowance for Uncollectible Accounts 1. Start with the beginning balances for these T-accounts: Accounts Receivable, $85,000 Allowance for Uncollectible Accounts, $6,000 Post the following 2006 transactions to the T-accounts a. Service revenue of $753.000, all on account b. Collections on account, $774,000 c. Write-offs of uncollectible accounts, $8,000 d. Uncollectible-account expense (allowance method), $12,000 2. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts? 3. Show how Robbins and Williams will report accounts receivable on its Balance Sheet at December 31, 20 Print Done Requirements 3. Show how Robbins and Williams will report accounts receivable on its Balance Sheet at December 31, 2005 - X g 20X6 transactions to the T-accounts ble Accounts (Abbreviations used: Beg bal Beginning to
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