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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
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 $34,000; Accounts Receivable $95,000, and Service Revenue, $0. Post the following 2021 transactions to the T-accounts a. Service revenue of $697,000, all on account b. Collections on account, $719,000 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 Service Revenue Requirements 1. T-accounts have been set up for Cash, Accounts Receivable, and Service Revenue. Start with the beginning balances as follows: Cash $34,000 Accounts Receivable $95,000; and Service Revenue, $0. Post the following 2021 transactions to the T-accounts: a. Service revenue of $697,000, all on account b. Collections on account, $719,000 2. What are the ending balances of Cash, Accounts Receivable and Service Revenue? Print Done
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