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The requirements are the question. Thanks. Perform the following accounting tasks for the receivables of Harper and Murphy, a law firm, at December 31, 2018
The requirements are the question. Thanks.
Perform the following accounting tasks for the receivables of Harper and Murphy, a law firm, at December 31, 2018 Read the requirements. 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 $30,000, Accounts Receivable $105,000; and Service Revenue, $o. Post the following 2018 transactions to the T-accounts: a. Service revenue of $696,000, all on account b. Collections on account, $710,000 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.) ceivable Requirements 1. T-accounts have been set up for Cash, Accounts Receivable, and Service Revenue. Start with the beginning balances as follows: Cash $30,000; Accounts Receivable $105,000, and Service Revenue, $0. Post the following 2018 transactions to the T-accounts: a. Service revenue of $696,000, all on account b. Collections on account, $710,000 2. What are the ending balances of Cash, Accounts Receivable and Service Revenue? Print Done
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