for the cash, accounts recievable, and allowance it says its incomplete but im not sure what else to put. everything i put so far is right.
Required information [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 $39,200. September 17, 2021 Receive $23,500 from customers on account. December 31, 2021 Estimate that 45% of accounts receivable at the end of the year will not be received. March 4, 2022 Provide services to customers on account for $54,200. May 20, 2022 Receive $10,000 from customers for services provided in 2021. July 2, 2022 Write off the remaining amounts owed from services provided in 2021. October 19, 2022 Receive $43,500 from customers for services provided in 2022. December 31, 2022 Estimate that 45% of accounts receivable at the end of the year will not be received. 3. Calculate net accounts receivable at the end of 2021 and 2022 2021 2022 Total accounts receivable Less: Allowance for uncollectible accounts Net accounts receivable red information 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 $39,200. September 17, 2021 Receive $23,500 from customers on account. December 31, 2021 Estimate that 454 of accounts receivable at the end of the year will not be received. March 4, 2022 Provide services to customers on account for $54,200. May 20, 2022 Receive $10.000 from customers for services provided in 2021. July 2, 2022 Write off the remaining amounts owed from services provided in 2021. October 19, 2022 Receive $43,500 from customers for services provided in 2022. December 31, 2022 Estimate that 45% of accounts receivable at the end of the year will not be received. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. September 17, 2021 Cash 23,500 June 12. 2021 Accounts Receivable 39.200 23.500 September 17, 2021 23.500 December 31, 2021 May 20, 2022 December 31, 2021 15.700 March 4, 2022 54,200 10.000 May 20, 2022 5,700 July 2. 2022 43.500 October 19, 2022 October 19, 2022 43,500 December 31, 2022 67,000 December 31, 2022 10.700 Allowance for Uncollectible Accounts vi the year will not be received. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts, September 17, 2021 Cash 23.500 Accounts Receivable 39.200 23.500 leber 17, 2021 June 12, 2021 23,500 December 31, 2021 May 20, 2022 December 31, 2021 15.700 March 4, 2022 54 200 October 19, 2022 10,000 May 20, 2022 5,700 July 2.2022 43,500 October 10.2022 43.500 December 31, 2022 67.000 December 31, 2022 10.700 July 2, 2022 Allowance for Uncollectible Accounts 7.065 December 31, 2021 5.700 3.450 December 31, 2022 4,815 December 31, 2022
