3 ! Required information [The following information applies to the questions displayed below.) 3 The following events occur for Morris Engineering during 2018 and 2019, its first two years of operations. February 2, 2018 Provide services to customers on account for $32,000. July 23, 2018 Receive $22,000 from customers on account. December 31, 2018 Estimate that 30% of uncollected accounts will not be received. April 12, 2019 Provide services to customers on account for $45,000. June 28, 2019 Receive $6,000 from customers for services provided in 2018. September 13, 2019 Write off the remaining amounts owed from services provided in 2018 October 5, 2019 Receive $40,000 from customers for services provided in 2019, December 31, 2019 Estimate that 30% of uncollected accounts will not be received. ok 2 mt Required: 1. Record transactions for each date. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet ine tollowing events occur for Morris Engineering ourng 2018 and 2019, its first two years or operation February 2, 2018 Provide services to customers on account for $32,000. July 23, 2018 Receive $22,000 from customers on account. December 31, 2018 Estimate that 30% of uncollected accounts will not be received. April 12, 2019 Provide services to customers on account for $45,000. June 28, 2019 Receive $6,000 from customers for services provided in 2018. September 13, 2019 Write off the remaining amounts owed from services provided in 2018. October 5, 2019 Receive $40,000 from customers for services provided in 2019. December 31, 2019 Estimate that 30% of uncollected accounts will not be received. Required: 1. Record transactions for each date. (If no entry is required for a transaction/event, select "No journal entry re account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 Receive $22,000 from customers on account. Note: Enter debits before credits Date Jul. 23, 2018 General Journal Debit Credit Record entry Clear entry View general journal Receive $40,000 from customers for services provided in 2019. Note: Enter debits before credits Date General Journal Debit Credit Oct 5, 2019 Record entry Clear entry View general Journal MacBook Pro Required information [The following information applies to the questions displayed below.) The following events occur for Morris Engineering during 2018 and 2019, its first two years of operations. February 2, 2018 Provide services to customers on account for $32,000. July 23, 2018 Receive $22,000 from customers on account. December 31, 2018 Estimate that 30% of uncollected accounts will not be received. April 12, 2019 Provide services to customers on account for $45,000. June 28, 2019 Receive $6,000 from customers for services provided in 2018. September 13, 2019 Write off the remaining amounts owed from services provided in 2018 October 5, 2019 Receive $40,000 from customers for services provided in 2019. December 31, 2019 Estimate that 30% of uncollected accounts will not be received. es 3. Calculate the net realizable value of accounts receivable at the end of 2018 and 2019. Total accounts receivable 2018 2019 Net realizable value
