Perform the following accounting for the receivables of Benoit. Brown \& Hill, an accounting firm, at December 31, 2020.

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

- Accounts Receivable, \(\$ 80,000\)

- Allowance for Uncollectible Accounts, \(\$ 9,000\)

Post the following 2020 transactions to the T-accounts:

a. Service revenue of \(\$ 850,000\), all on account

b. Collections on account, \(\$ 790,000\)

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

d. Bad debt expense (allowance method), \(\$ 8,000\)

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

3. Show two ways Benoit, Brown \& Hill could report accounts receivable on its balance sheet at December 31, 2020.