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please use the drop down shown in the poc. thanks E5-17A (similar to) Perform the following accounting for the receivables of Hawkins and Harriss, a
please use the drop down shown in the poc. thanks
E5-17A (similar to) Perform the following accounting for the receivables of Hawkins and Harriss, a law firm, at December 31, 2018 Read the Cement Requirements 1 and 2. Start with the beginning balances for these T-accounts: Accounts Receivable. $94.000. Allowance for Uncollectible Accounts $15.000. Post the following 2018 transactions to the T-accounts: Service revenue of $703,000, all on account Collections on account, $721,000 Write-offs of uncolectible accounts, $7,000 d. Uncollectible-account expense (allowance method), 59,000. 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 bol + Beginning balance: End bal - Ending balancer: Uncoil acct exp Uncatectible account expense.) Accounts Receivable Allowance for Uncollectible Accounts ble Requirements X ce for ance; 1. Start with the beginning balances for these T-accounts: Accounts Receivable, $94,000 Allowance for Uncollectible Accounts, $15,000 Post the following 2018 transactions to the T-accounts: a. Service revenue of $703,000, all on account b. Collections on account, $721,000 c. Write-offs of uncollectible accounts, $7,000 d. Uncollectible-account expense (allowance method), $9,000 2. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts? 3. Show how Hawkins and Harriss will report accounts receivable on its balance sheet at December 31, 2018. Print Done a. Requirements 1 and 2. Start with the beginning balances for these T-accounts: Accounts Service revenue of $703,000, all on account b. Collections on account, $721,000 Write-offs of uncollectible accounts, $7,000 d. Uncollectible-account expense (allowance method), $9,000. What are the ending ba C. Prepare the T-accounts for accounts receivable and allowance for uncollectible accounts. (F Accounts Receivable Allowanc Beg bal Collections End bal Service revenue Uncoll acct exp Write-offs Step by Step Solution
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