can you please help me with these questions? i already asked these before but they were wrong. thank you!
Required Information Problem 5-3A Record transactions related to accounts receivable (LO5-3,5-4,5-5) 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 $31,400 September 17, 2021 Receive $17,000 from customers on account. December 31, 2021 Estimate that ex of accounts receivable at the end of the year will not be received. March 4, 2022 Provide services to customers on account for $46,400. May 20, 2022 Receive 510, from customers for services provided in 2021 July 2, 2022 write off the remaining amounts Owed from services provided in 2021. October 1, 2022 Receive 537,000 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. Problem 5-3A Part 2 2. Post transactions to the following accounts: Cash Accounts Receivable, and Allowance for Uncollectible Accounts. 3 Answer is not complete. Cash September 17 2021 Accounts Receivable 31,400 17.000 September 11, 2021 17.000 June 12, 2021 December 31, 2021 17.000 December 31, 2021 14 400 March 4, 2022 46,400 May 20,2022 October 19, 2022 olo 10,000 37.000 July 2, 2022 37,000 October 19, 2022 glo December 31, 2022 64.000 December 31, 2022 23.800 Allowance for Uncollectible Accounts December 31, 2021 December 31, 2022 July 2. 2022 0 December 31, 2022 Required Information Problem 6-2A Calculate ending Inventory, cost of goods sold, sales revenue, and gross profit for four Inventory methods (LO6-3, 6-4,6-5) [The following information applies to the questions displayed below.) Greg's Bicycle Shop has the following transactions related to its top-seling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic Inventory system. Unit Cost $ 195 Total Cost $ 3,900 Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 Transactions Beginning inventory Sale (5299 each) Purchase Sale ($34e each) Purchase Sale (5365 each) Purchase Units 2e 15 1e 8 10 12 7 215 2,150 225 2,250 245 1,715 $10,015 For the specific identification method, the March 5 sale consists of bikes from beginning Inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning Inventory and eight bikes from the March 22 purchase. Problem 6-2A Part 2 2. Using FIFO. calculate ending Inventory and cost of goods sold at March 31. Answer is complete but not entirely correct. $ Ending inventory Cost of goods sold 2,300 X 7,715 s Required Information Problem 6-2A Calculate ending Inventory, cost of goods sold, sales revenue, and gross profit for four Inventory methods (LO6-3, 6-4,6-5) [The following information applies to the questions displayed below] Greg's Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic Inventory system. Unit Cost $ 195 Total Cost $ 3,980 Date March 1 March 5 March 9 March 17 March 22 March 27 March 30 Transactions Beginning inventory Sale ($290 each) Purchase Sale ($340 each) Purchase Sale ($365 each) Purchase Units 20 15 10 8 1e 12 7 215 2,150 225 2,250 245 1,715 $10,015 For the specific Identification method, the March 5 sale consists of bikes from beginning Inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning Inventory and eight bikes from the March 22 purchase. Problem 6-2A Part 3 3. Using LIFO, calculate ending Inventory and cost of goods sold at March 31. Answer is complete but not entirely correct. IS 2,150 X Ending inventory Cost of goods sold Is 7.865
