Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Journal entry worksheet 5 6 Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Calcullate net accounts recelvable

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Journal entry worksheet 5 6 Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Calcullate net accounts recelvable reported in the balance sheet at the end of 2024 and 2025 . Journal entry worksheet Receive $10,000 from customers for services provided in 2024 . Note: Enter debits before credits. Post transactions to the following accounts: Cash, Accounts Recelvable, and Allowance for Uncollectible Accounts. Journal entry worksheet \begin{tabular}{l|lllll} 2 & 4 & 5 & 6 & 7 \end{tabular} Provide services to customers on account for $36,200. Note: Enter debits before credits. Journal entry worksheet Provide services to customers on account for $51,200. Note: Enter debits before credits. Journal entry worksheet \begin{tabular}{ll|l|llll} \hline 2 & 5 & 6 & 7 & 8 \\ \hline \end{tabular} Estimate that 45% of accounts receivable at the end of the year will not be received. Note: Enter debits before credits. Journal entry worksheet 12345 Receive $41,000 from customers for services provided in 2025 . Note: Enter debits before credits. 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 $36,200. September 17,2024 Receive $21,000 from customers on account. December 31, 2024 Estimate that 453 of accounts receivable at the end of the year will not be received. March 4, 2025 Provide services to customers on account for $51,200. May 20, 2025 Receive $10,000 from custoters for services provided in 2024. July 2,2025 Write off the remaining anounts owed fron services provided in 2024. October 19, 2025 Receive $41,000 from customers for services provided in 2025. Decenber 31, 2025 Estimate that 451 of accounts receivable at the ond of the year wil not be recoived. 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. Record transactions for each date, (II no entry is required for a particular transaction/event, select "No Journal Entry Required" in the Arst account field.) Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Estimate that 45% of accounts receivable at the end of the year will not be received. Note: Enter debits before credits

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions