Use the information from the following journal entries of Turning Leaves Furniture Restoration to answer the questions below:

Requirements
1. Start with Accounts Receivables beginning balance ($38,000) and then post to the Accounts Receivable T-account. How much do Turning Leaves Furniture Restorations customers owe the company at December 31, 2011?
2. Start with the Allowance accounts beginning credit balance ($12,480) and then post to the Allowance for Uncollectible Accounts T-account. How much of the receivables at December 31, 2011, does Turning Leaves Furniture Restoration expect not to collect?
3. At December 31, 2011, how much cash does Turning Leaves Furniture Restoration expect to collect on its accountsreceivable?

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Journal Entry Accounts DebitCredit 1,000,000 1. Accounts Receivable Sales Revenue 1,000,000 2. Cash 870,000 Accounts Receivable 870,000 3. Allowance for Uncollectible Accounts Accounts Receivable 12,000 12,000 4. Uncollectible-Account Expense 40,000 Allowance for Uncollectible Accounts 40,000