Perform the following accounting tasks for the receivables of Harper and Murphy, a law firm, at December 31, 2018.

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 $ 35,000; Accounts Receivable $ 101,000; and Service Revenue, $ 0.

Post the following 2018 transactions to the T-accounts:
(a) Service revenue of $ 699,000, all on account
(b) Collections on account, $ 718,000
(c) Write-oms of uncollectible accounts, $9,000
(d) Uncollectible-account expense (allowance mctnod), $7,000.

What are the ending balances of McDounts Receivable and Allowance for Uncollcctible Accounts? Prepare lhe T-accounts rur accounts receivable and allowance for uncollectible accounts.

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000

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Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount