This question: 12 points) possible Gulig and Durham, a law firm, started 2020 with accounts receivable of $60,000 and an allowance for uncollectible accounts of $4,500. The 2020 service revenue on account was $429,000, and cash collections Kon account totaled $417,000. During 2020, Gulig and Durham wrote off uncollectible accounts receivable of $7.700. At December 31, 2020, the aging-of-receivables method indicated that Gulig and Durham wi not collect $10,200 of its accounts receivable Journalize Gulig and Durham's (a) service revenue, (b) cash collections on account, (c) write-offs of uncollectible receivables, and (d) bad debt expense for the year. Explanations are not required. Prepare a T-account for Alowance for Uncollectible Accounts to show your computation of bad debt expense for the year. B Requirement 1. Journalize Gulig and Durham's (a) service revenue. (b) cash collections on account. (c) write-offs of uncollectible receivables, and (d) bad debt expense for the year (a) We start by entering the journal entry to record service revenue on account for the year on 9 ion 10 Journal Entry Accounts Debit Credit Journal Entry Accounts Debit Credit (b) Next journalize the collections on account (c) Now we can joumalize the write-offs of uncollectible receivables Journal Entry Accounts Debit Cred 80 F1 Q 14 8 = DII FR 8 Time Remaining: 02:25:34 Next FIG OE WD E F12 Al December 31, 2020, the aging-of-receivables method indicated that Gule on account was $429.000, am Journalize Gulig and Durham's (a) service revenue, (b) cash collections on account, (c) write-offs of uncollectible receivables, and (d) bad debt expense for the year. Explanations are not requires a T-account for Allowance for Uncollectible Accounts to show your computation of bad debt expense for the year. (c) Now we can journalize the write-offs of uncollectible receivables. Journal Entry Accounts Debit Credit (d) Finally, record the entry to joumalize the bad debt expense for the year. Journal Entry Accounts Debit Credit Requirement 2. Prepare a T-account for Allowance for Uncollectible Accounts to show your computation of bad debt expense for the year (Leave any unused cells blank.) Allowance for Uncollectible Accounts Time Remaining: 02:25:25 Next