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Requirements 1. Start with the beginning balances for these T-accounts: - Accounts Receivable, $89,000 - Allowance for Uncollectible Accounts, $6,000 Post the following 206 transactions
Requirements 1. Start with the beginning balances for these T-accounts: - Accounts Receivable, $89,000 - Allowance for Uncollectible Accounts, $6,000 Post the following 206 transactions to the T-accounts: a. Service revenue of $753,000, all on account b. Collections on account, $774,000 c. Write-offs of uncollectible accounts, $8,000 d. Uncollectible-account expense (allowance method), $12,000 2. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts? 3. Show how Robbins and Williams will report accounts receivable on its Balance Sheet at December 31, 206. Perform the following accounting for the receivables of Robbins and Williams, a law firm, at December 31,206. Read the requirements. Requirements 1 and 2. Start with the beginning balances for these T-accounts: Accounts Receivable, $89,000; Allowance for Uncollectible Accounts, $6,000. Post the following 206 transactions t the T-accounts: a. Service revenue of $753,000, all on account b. Collections on account, $774,000 c. Write-offs of uncollectible accounts, $8,000 d. Uncollectible-account expense (allowance method), $12,000 Perform the following accounting for the receivables of Robbins and Williams, a law firm, at December 31,206. Read the Requirements 1 and 2 . Start with the beginning balances for these T-accounts: Accounts Receivable, $89,000; Allowance for Uncollectible Accounts, $6,000. Post the following 20X6 transactions to the T-accounts: a. Service revenue of $753,000, all on account b. Collections on account, $774,000 c. Write-offs of uncollectible accounts, $8,000 d. Uncollectible-account expense (allowance method), $12,000 Perform the following accounting for the receivables of Robbins and Williams, a law firm, at December 31,206. Read the requirements. Requirements 1 and 2. Start with the beginning balances for these T-accounts: Accounts Receivable, $89,000; Allowance for Uncollectible Accounts, \$6,000. Post the following 20X6 transactions to the T-accounts: a. Service revenue of $753,000, all on account b. Collections on account, $774,000 c. Write-nffs of unc.nllertible ac..nunts $8R 2,000 zwance for Uncollectible Accounts? Prepare the T-accounts for Accounts Receivable and Allowance for Uncollectible Accounts. Ending balance, Uncoll acct exp = Uncollectible Account Expense. Enter a "0" for any zero balances. Leave unused cells blank.) accounts receivable on its Balance Sheet at December 31,206
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