a mathxl.com Homework- Max Moore Acct 1 Spring 2018 22908 Max Moore & Homework:

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a mathxl.com Homework- Max Moore Acct 1 Spring 2018 22908 Max Moore & Homework: Chapter 5 Homework Score: 0 of 1 pt E5-19A (book/static) 4 of 10 (Bcom plete HW Score Perform the folowing accounting for the receivables of Bronson and Moore, a law firm, at December 31, 2016 Read the requirements Requirements 1 and 2 Start with the beginning balances for these T-accourts Accounts Receivable 597,000, Alowance for Uncolectble Accourts, $13,000. Post the foilowing 2016 transactions to the T sccourts: a. Service revenue of $702,000, all on account b. Collections on account, $716,000 Wrte-offs of uncollectible accounts, $9,000 d. Unoolectible-account expense (alowance method, $7,.000 What ane the ending balaes of Accounts Receivable and Alowance for Uncolctibie Accounts? Prepare the T-accounts for accounts receivable and allowance for uncolectsble accounts. (Abbreviation uned Bog bal-Beginning balance: End bal-Endng barok ureol act asp·Unelense aeon epena ) Allowance for Uncollectible Accounts Choose from any lst or enter any number in the input fieids and then click Check Clear All Check Anewer

Explanation / Answer

Solution 1 & 2:

Solution 3:

Accounts Receivables Particulars Debit Particulars Credit To Opening Balance $97,000.00 By Cash $716,000.00 To Service Revenue $702,000.00 By Allowance for Uncollectible Accounts $9,000.00 By Balance C/F $74,000.00 Total $799,000.00 Total $799,000.00

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