3 step accounting wuestion regarding transactions related to accounts receivables. confused about where to find all numbers in part 2 for allowance accounts.
Problem 5.3A (Algo) Record transactions related to accounts receivable (LO.3.3,5.4,55) The following events occur for The Spanaccio Corporation duting 2024 and 2025, its tirgs two yeors of operations: June 12, 2024 provide services to customers on account fon 59, 500. Septetber 17,2024 Receive $16,500 fron custosers on acceunt. Decomber 31,2024 Estinate that 455 of accounts receivable ot the end of the year udil not be recefived. March 4,2025 Provide services to custoeers on account for 545,869 . May 20, 2025 Receive 510, aee from cuitoners for services provided in 2024. july 2, 2025 Write oft the remaining arounts aved from services provided in 2024. october 19,2025 haceive $36,500 fron custoours for senvices provided in 2025. Required: 1. Record transactions for each date. 2. Post transactions to the following accounts: Cosh, Accounts Recelvabie, and Allowence for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025 Complete this question by entering your answers in the tabs below. Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Requirned" first account field.) The following events occur for The Spanaccio Corporation during 2024 and 2025 , its first twio years of operations, June .12, 2e24. Provide services to custoters on account for $30,896. Septerber 17,2024 Receive $16,500 fron customers on account. Decenber 31,2024 Estinate that 45% of accounts receivable at the ond of the year will not be received: March 4, 2025: Provide services to custoners on account for 545,899 . May 20, 2025 Receive s1e, tee from custorers for services provided in 2024. July 2, 2e2s Mrite off the resaining afounti oned frot services provided in 2024, october 19,2925 . Receive $36,5e9 froe custoners for services provided in 2025 . Decesber 31, 2825 Estimate that 435 of accounts receivable at the end of the year ind1 not be recedved. Required: 1. Record transacuions for each date. 2. Post transactions to the foliowing accounts: Cash. Accounts Receivable. and Allowance for Uncollectible Accounts 3. Calculote net occounts receivable reported in the balance sheet at the end of 2024 and 2025 Complete this question by entering your answers in the tabs below. Post transactions to the following accounts: Cash. Accounts Receivable, and Allawance for Uncollectible Accounts. Problem 5-3A (Algo) Record transactions related to accounts receivable ( LO5-3, 5-4, 5-5) The following events occur for The Spanaccio Corporation during 2024 and 2025, its first two years of operations June 12,2024 Provide services to customers on account for $30,860. Septenber 17, 2024 Receive $16,500 fron custowers on account. Deceebber 31,2024 Estimate that 45% of accounts receivable at the end of the year wi11 not be received. March 4, 2025 Provide services to custoners on account for $45,800. May 20, 2025 Receive $10,00e from custorers for services provided in 2024. July 2,2025 Write off the remaining amounts oned from services provided in 2024. october 19,2025 Receive $36,500 from customers for services provided in 2025. December 31, 2025 Estinate that 45k of accounts receivable at the end of the year wi11 not be received. Required: 1. Record transactions for each date. 2. Post transactions to the following accounts, Cash, Accounts Receivable, and Allowance for Uncollectible Accounts 3. Calculate net accounts receivable reported in the balance sheet ot the end of 2024 and 2025. Complete this question by entering your answers in the tabs below. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025
