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how do i do the caluclations for these? Problem 5-3A (Algo) Record transactions related to accounts receivable ( LO5-3, 5-4, 5-5) The foliowing events occur
how do i do the caluclations for these?
Problem 5-3A (Algo) Record transactions related to accounts receivable ( LO5-3, 5-4, 5-5) The foliowing events occur for The Benson Corporation during 2024 and 2025, its first two years of operations. June 12, 2024 Provide services to eustomers on aceount for $30,200. Septenber 17,2024 heceive $16,000 fron cuatcoreps on account. Decenber 31, 2024 Sstimate that 401 of accaunth receivable at the end of the year with nos be received. Mares 4, 2023s Provide aerviees to cuntoners on aecount for $45,200. Hay 20, 2025 Receive $10.000 from eustoeers for serviceo provided in 2024. Jaly 2, 2025 Mrite of 1 the reeaining ahounts oved froe gervieen provided in 2024, deteber 19, 2025 Receive $36,000 from eustceers for nervinen provided in 2025. Decenber J11,2023 Fotinate that 40f of accounts receivable at the esd of the year will not be reetved. Required: 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Recelvable, 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. Post transactions to the following accounts; Cash, Accounts Receivable, and Alowance for tincollectible Accounts. Past transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncoliectible Accounts Step by Step Solution
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