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11 Required information Problem 5-3A Record transactions related to accounts receivable (LO5-3,5-4,5-5) (The following information applies to the questions displayed below.) Part 1 of 3
11 Required information Problem 5-3A Record transactions related to accounts receivable (LO5-3,5-4,5-5) (The following information applies to the questions displayed below.) Part 1 of 3 The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations. 0.27 points June 12, 2021 Provide services to customers on account for $41,000. September 17, 2021 Receive $25,000 from customers on account. December 31, 2021 Estimate that 45% of accounts receivable at the end of the year will not be received. March 4, 2022 Provide services to customers on account for $56,000. May 20, 2022 Receive $10,000 from customers for services provided in 2021. July 2, 2022 Write off the remaining amounts owed from services provided in 2021. October 19, 2022 Receive $45,000 from customers for services provided in 2022. December 31, 2022 Estimate that 45% of accounts receivable at the end of the year will not be received. eBook Print Problem 5-3A Part 1 1 . References Required: 1. Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) ) View transaction list Journal entry worksheet Provide services to customers on account for $41,000. Note: Enter debits before credits. General Journal Debit Credit Date June 12, 2021 Record entry Clear entry View general journal
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