Ch7 lab work 7 18 A What is the amount of cash revieced from Accounts Recievable B Total in AR 290000 Ending AR 46000 Cash Recieved 244000 What amount should be recorded as uncollectable Ending AR C 46000 1 0 01 Uncollectable Amount 460 T Accounts Cash Accounts Recievable 2 244000 1 290000 close 244000 close 46000 Service Revenue Retained Earnings 460 290000 289540 290000 1 290000 end close 290000 0 3 end Allowances 244000 2 Uncollectable Accounts 460 460 460 3 460 end D 460 close 0 What is net realizable income Ending AR Balance Uncollectable Amount Net Realizable Income E 46000 460 455000 Record Effects in Horizontial Model 1 2 3 Cash NA NA Assets A R NA Allowances NA NA Liability Equity Revenue NA NA NA NA NA NA Ch7 lab work 7 18 Expenses Net Income NA NA NA Cash Flow NA NA OA FA