Ch7 lab work7-18A. What is the amount of cash revieced from Accounts Recievable? Total in AR 290000(Ending AR) -46000Cash Recieved 244000B. What amount should be recorded as uncollectable?Ending AR 46000*1% 0.01Uncollectable Amount 460C. T-Accounts 2 244000 1 290000 244000 2close 244000 close 46000290000 1 460 290000290000 end 289540close 29000003 460end 460460 3 460 close 460 end 0D. What is net realizable income?Ending AR Balance 46000Uncollectable Amount -460Net Realizable Income 455000E. Record Effects in Horizontial Model Liability + Equity Revenue - Cash A/R Allowances1 NA + NA NA + +2 + - NA NA NA NA3 NA NA - NA + NACashAccounts RecievableService RevenueRetained EarningsAllowancesUncollectable AccountsAssets =Ch7 lab work7-18Expenses = Net IncomeNA + NA NANA NA + OA- - - FACash