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Perform the following accounting for the receivables of Robbins and Williams, a law firm, at December 31,206. Read the requirements. Requirements 1 and 2. Start
Perform the following accounting for the receivables of Robbins and Williams, a law firm, at December 31,206. Read the requirements. Requirements 1 and 2. Start with the beginning balances for these T-accounts: Accounts Receivable, $89,000; Allowance for Uncollectible Accounts, $6,000. Post the following 20X6 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 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. (Abbreviations used: Beg bal = Beginning balance, End bal = Ending balance, Uncoll acct exp = Uncollectible Account Expense. Enter a "0" for any zero balances. Leave unused cells blank.) Allnwanep for I Inrollerfihle Arent inte Perform the following accounting for the receivables of Robbins and Williams, a law firm, at December 31,206. Read the 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. (Abbreviations used: Beg bal = Beginning balance, End bal = Ending balance, Uncoll acct exp = Uncollectible Account Expense. Enter a "0" for any zero balances. Leave unused cells blank.)
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