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Perform the following accounting tasks for the receivables of Harper and Murphy, a law firm,...

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Accounting

Perform the following accounting tasks for the receivables of Harper and Murphy, a law firm, at December31,2021.
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 $33,000; Accounts Receivable $95,000; and Service Revenue, $0. Post the following 2021 transactions to the T-accounts:
a. Service revenue of $704,000, all on account
b. Collections on account, $711,000
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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