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Perform the following accounting tasks for the receivables of Freeman and Jones, a law firm, at December 31, 2021. Read the requirements. Requirements 1 and

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Perform the following accounting tasks for the receivables of Freeman and Jones, a law firm, at December 31, 2021. Read the requirements. Requirements 1 and 2. T-accounts have been set up for Cash, Accounts Receivable, and Service Revenue. Start with the beginning balances as follow $35,000; Accounts Receivable \$97,000; and Service Revenue, \$0. Post the following 2021 transactions to the T-accounts: a. Service revenue of $704,000, all on account b. Collections on account, $720,000 What are the ending balances of Cash, Accounts Receivable and Service Revenue? (Abbreviations used: Beg bal = Beginning balance, End bal = Ending Uncoll acct exp = Uncolloctble Account Expense. Enter a "0" for any zero balances.) 1. T-accounts have been set up for Cash, Accounts Receivable, and Service Revenue. Start with the beginning balances as follows: Cash $35,000; Accounts Receivable \$97,000; and Service Revenue, \$0. Post the following 2021 transactions to the T-accounts: a. Service revenue of $704,000, all on account b. Collections on account, $720,000 2. What are the ending balances of Cash, Accounts Receivable and Service Revenue

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