Perform the following accounting for the receivables of Evans and Tanner, an accounting firm, as of December 31,20xX. Requirements 1. and 2. Prepare the T-accounts for accounts receivable and allowance for uncollectible accounts. (If an input field is not used in the T-account, leave the input field empty; do not select a label or enter a zero.) Requirement 3. Show two ways Evans and Tanner could report accounts receivable on its balance sheet as of December 31, 20XX. (Use parentheses or a minus sign to indicate numbers to be subtracted.) Required 1. Start with the beginning balances for these T-accounts: - Accounts Receivable, $81,000 - Allowance for Uncollectible Accounts, $8,000 credit balance Post the following 20XX transactions to the T-accounts: a. Service revenue of $851,000, all on account b. Collections on account, $791,000 c. Write-offs of uncollectible accounts, $6,000 d. Bad debt expense (allowance method), $14,000 2. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts? 3. Show two ways Evans and Tanner could report accounts receivable on its balance sheet as of December 31, 20XX 
Other questions asked by students
Q
1) What is the difference of dynamic compressor (blowers) and normal compressor? Name 2 types of...
Mechanical Engineering
Electrical Engineering
Accounting
Accounting
Accounting