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Perform the following accounting tasks for the receivables of Freeman and Jones, a law firm,...

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Accounting

Perform the following accounting tasks for the receivables of Freeman and Jones, a law firm, at December 31,2021.
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 $32,000; Accounts Receivable $96,000; 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, $716,000
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.)
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