Perform the following accounting for the receivables of Patillo, Brown & Hill, an accounting firm, at December 31, 20X7.

1. Start with the beginning balances for these T-accounts:

• Accounts Receivable, $80,000

• Allowance for Uncollectible Accounts, $9,000

Post the following 20X7 transactions to the T-accounts:

a. Service revenue of $700,000, all on account

b. Collections on account, $720,000

c. Write-offs of uncollectible accounts, $7,000

d. Uncollectible-account expense (allowance method), $8,000

2. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts?