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3. Perform the following accounting for the receivables of Isaacson and Rubenstein, a law firm, at December 31, 2021. Read the requirements" Requirements 1 and 2. Start with the beginning balances for these T-accounts: Accounts Receivable. $97.000, Allowance for Uncollectible Accounts, $13,000. Post the following 2021 transactions to the T-accounts: Service revenue of $703,000. all on account Collections on account, $722,000 Write-offs of uncollectible accounts, $12,000 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 uncollectible accounts. (Abbreviation used: Beg bal = Beginning balance; End bal = Ending balance: Uncoll acct exp = Uncollectible account expense.) Accounts Receivable Allowance for Uncollectible Accounts (10) (11) (12) Requirement 3. Show how Isaacson and Rubenstein will report accounts receivable on its balance sheet at December 31. 2021. (13) Less: (14) (15) 4: Requirements Start with the beginning balances for these T-accounts: . Accounts Receivable, $97,000 Allowance for Uncollectible Accounts, $13,000 Post the following 2021 transactions to the T-accounts: a. Service revenue of $703,000, all on account b. Collections on account, $722,000 . Write-offs of uncollectibl accounts, $12,000 d. Uncollectible-account expense (allowance method), $5,000 2. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts? 3. Show how Isaacson and Rubenstein will report accounts receivable on its balance sheet at December 31, 2021. (1) O O Service revenue (2) O O Service revenue (3) O Service revenue (4) O O Service revenue (5) O O Service revenue (6) O O Service revenue (7) 0 O Service revenue (8) O O Service revenue O Beg bal O Uncoll acct exp O Beg bal O Uncoll acct exp O Beg bal O Uncoll acct exp O Beg bal O Uncoll acct exp O Beg bal O Uncoll acct exp O Beg bal O Uncoll acct exp O Beg bal O Uncoll acct exp O Beg bal O Uncoll acct exp O Collections O Write-offs Collections O Write-offs O Collections O Write-offs O Collections O Write-offs O Collections O Write-offs O Collections O Write-offs O Collections O Write-offs O Collections O Write-offs O End bal O End bal O End bal O End bal O End bal O End bal O End bal O End bal (9) O O Service revenue (10) O O Service revenue (11) O Service revenue (12) O Service revenue (13) O O Collections (14) O O Collections O Beg bal O Uncoll acct exp O Beg bal O Uncoll acct exp O Beg bal O Uncoll acct exp O Beg bal O Uncoll acct exp O Accounts receivable O Credit sales O Accounts receivable O Credit sales O Collections O Write-offs O Collections O Write-offs O Collections O Write-offs O Collections O Write-offs O Accounts receivable, net O Uncollectible account expense O Accounts receivable, net O Uncollectible account expense O End bal O End bal O End bal O End bal O Allowance for uncollectible accounts O Write-offs O Allowance for uncollectible accounts O Write-offs (15) O O Collections O Accounts receivable O Credit sales O Accounts receivable, net O Uncollectible account expense O Allowance for uncollectible accounts O Write-offs