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3 part question for accounting. Required information [The following information applies to the questions displayed below.] The following events occur for The Underwood Corporation during
3 part question for accounting.
Required information [The following information applies to the questions displayed below.] The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations. June 12, 2021 Provide services to customers on account for $30,200. September 17, 2021 Receive $16,000 from customers on account December 31, 2021 Estimate that 40% of accounts receivable at the end of the year will not be received 4, 2022 Provide services to customers on account for $45,200. March May 20, . 2022 Mrito off the customerS 1O services provided in 2021. in 2021 October 19, 2022 Receive $36,000 from customers for services provided in 2022. December 31, 2022 Estimate that 40% of accounts receivable at the end of the year will not be received Required: 1. Record transactions for each date. (lf no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 3 4 5 6 7 2 Estimate that 40% of accounts receivable at the end of the year will not be received. Note: Enter debits before credits. Credit Date General Journal Debit December 31, 2021 View general journal Record entry Clear entry Journal entry worksheet 2 4 6 5 7 8 1 Provide services to customers on account for $45,200. Note: Enter debits before credits. General Journal Credit D Debit March 04, 2022 Record entry Clear entry View general journal st Journal entry worksheet 5 4 6 7 1 2 Receive $10,000 from customers for services provided in 2021 Note: Enter debits before credits. General Journal Date Debit Credit May 20, 2022 View general journal Record entry Clear entry Journal entry worksheet
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