$5$ Quiz $($i$)$

The following events occur for The Benson Corporation during $2024$ and $2025,$ its first two years of operations.

June $12,2024$ Provide services to customers on account for $$38,000.$

September $17,2024$ Receive $$22,500$ from customers on account.

December $31,2024$ Estimate that $45\%$ of accounts receivable at the end of the year will not be received.

March $4,2025,$ Provide services to customers on account for $$53,000.$

May $20,2025$ Receive $$10,000$ from customers for services provided in $2024$:

July $2,2025$ Write off the remaining amounts owed from services provided in $2024.$

October $19,2025$ Receive $$42,500$ from customers for services provided in $2025.$

December $31,2025$ Estimate that $45\%$ of accounts receivable at the end of the year will not be received.

Required:

Record transactions for each date.

Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts.

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 Required" in first account field.$)$

Journal entry worksheet