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

Requirements
1. Set up T-accounts for Cash, Accounts Receivable, and Service Revenue. Start with the beginning balances as follows: Cash $28,000; Accounts Receivable $103,000; and Service Revenue $0. Post the following 2018 transactions to the T-accounts:

a. Service revenue of $705,000, all on account

b. Collections on account, $713,000

2. What are the ending balances of Cash, Accounts Receivable, and Service Revenue?