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Perform the following accounting tasks for the receivables of Isaacson and Rubenstein, a law firm, at December 31, 2018 Read the requirements. Requirements 1 and
Perform the following accounting tasks for the receivables of Isaacson and Rubenstein, a law firm, at December 31, 2018 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 follows: Cash $29,000; Accounts Receivable $95,000; and Service Revenue, S0. Post the following 2018 transactions to the T-accounts: Service revenue of $695,000, all on account a. b. Collections on account, $711,000 What are the ending balances of Cash, Accounts Receivable and Serice Revenue? (Abbreviations used: Beg bal Uncoll acct exp-Uncollectible Account Expense. Enter a "0" for any zero balances.) Beginning balance, End balEnding balance, Cash Accounts Receivable Service Revenue iRequirements T-accounts have been set up for Cash, Accounts Receivable, and Service Revenue. Start with the beginning balances as follows: Cash $29,000; Accounts Receivable $95,000; and Service Revenue, $0. Post the following 2018 transactions to the T-accounts: 1. a. Service revenue of $695,000, all on account b. Collections on account, $711,000 2. What are the ending balances of Cash, Accounts Receivable and Service Revenue? Print Done
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