4 0.6 points 00:29:23 eBook Print References Problem 5-3A (Static) Record transactions related to accounts receivable (LO5-3, 5-4, 5-5) The following events occur for The Underwood Corporation during 2024 and 2025, its first two years of operations. Provide services to customers on account for $41,000. Receive $25,000 from customers on account. Estimate that 45% of accounts receivable at the end of the year will not be received. Provide services to customers on account for $56,000. June 12, 2024 September 17, 2024 December 31, 2024 March 4, 2025 May 20, 2025 July 2, 2025 October 19, 2025 December 31, 2025 Receive $10,000 from customers for services provided in 2024. Write off the remaining amounts owed from services provided in 2024. Receive $45,000 from customers for services provided in 2025. Estimate that 45% of accounts receivable at the end of the year will 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 at the end of 2024 and 2025. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assessment Tool iFrame od of 3034 55d 2025

Problem 5-3A (Static) Record transactions related to accounts receivable (LO5-3, 5-4, 5-5) The following events occur for The Underwood Corporation during 2024 and 2025 , its first two years of operations: June 12, 2024 Provide services to custopers on account for $1,909. September 17,2024 Roceive $25,000 fron custoners on account. Deceeber 31, 2024 Estimate that 45t of accounts receivable at the end of the year wil1 not be received. March 4,2025 Provide services to customers on account for $56,909. May 20, 2025 Receive $10,0e0 from custoners for services provided in 2024. July 2,2025 Write off the renaining amounts owed from services provided in 2024, october 19, 2025 Receive 545,09e from customers for services provided in 2025. Deceaber 31, 2025 Fstimate that 45s of accounts receivable at the end of the year wil1 not be recelved. Required: 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Recelvable, and Allowance for Uncollectble Accounts: 3. Calculate net accounts recelvable reported in the balance sheet at the end of 2024 and 2025. Complete this question by entering your answers in the tabs below