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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 $28,000;
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 $28,000; Accounts Receivable $103,000; and Service Revenue, $0. Post the following 2021 transactions to the T-accounts: a. Service revenue of $705,000, all on account b. Collections on account, $713,000 What are the ending balances of Cash, Accounts Receivable and Service Revenue? (Abbreviations used: Beg bal = Beginning balance, End bal = Ending balance, Uncoll acct exp = Uncollectible Account Expense. Enter a "0" for any zero balances.) Cash Accounts Receivable or etz Beg bal Collections ccounts have been set up with the beginning balanc 00; and Service Revenue End bal Service revenue Uncoll acct exp S: 00, all on account 13,000 s of Cash, Accounts Rece = Beginning balance, En- ount Expense. Enter a "0" Write-offs Sm
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