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PLS ANSWER! Perform the following accounting for the receivables of Cavanaugh and Johnson, a law firm, at December 31, 2018 Read the requirements Requirements 1

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Perform the following accounting for the receivables of Cavanaugh and Johnson, a law firm, at December 31, 2018 Read the requirements Requirements 1 and 2. Start with the beginning balances for these T-accounts: Accounts Receivable, $98,000, Allowance for Uncollectible Accounts $8,000. Post the following 2018 transactions to the T-accounts: a. Service revenue of $696,000, all on account b. Collections on account, $722,000 c. Write-offs of uncollectible accounts, $15,000 d. Uncollectible-account expense (allowance method) $13,000. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts? Prepare the T-accounts for accounts recelvable and allowance for uncollectible accounts. (Abbreviation used: Beg tat - Beginning balance, End bat Ending balance: Uncollacct exp Uncollectible account expense.) Accounts Receivable Allowance for Uncollectible Accounts ort Chanc fene Review the following note receivable transactions in the journal of Aegean (Click the icon to view the transactions.) Services Aegean Services has a May 31 fiscal year-end. Read the requirements Requirement 1. Record the preceding note receivable transactions in the Journal of Aegean Services. Use a 365-day year for Interest computations, and round Interest amounts to the nearest dollar. (Record debits first, then credits. Exclude explanations from any Journal entries.) Mart Loaned $10,000 cash to Bill Falar on a one-year, 8% note Journal Entry Date Accounts Debit Credit Mar 1 orrec Choose from any list or enter any number in the input fields and then click Check

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