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need #6 and #8 for journal entries need both december 31 under allowance for uncollectible accounts need july 2nd under account receivable need all of
need #6 and #8 for journal entries
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 $40,400. September 17, 2021 Receive $24,500 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 $55,400. 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 $44,500 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 December 31, 2021 Bad Debt Expense Allowance for Uncollectible Accounts 7,155 7.155 4 March 04, 2022 55,400 Accounts Receivable Service Revenue 55,400 5 May 20, 2022 10,000 Cash Accounts Receivable 10.000 6 July 02, 2022 Allowance for Uncollectible Accounts Accounts Receivable 7 44,500 October 19, 2022 Cash Accounts Receivable 44,500 8 December 31, 2022 Bad Debt Expense Allowance for Uncollectible Accounts Cash 24,500 September 17, 2021 December 31, 2021 May 20, 2022 October 19, 2022 24,500 10,000 44,500 December 31, 2022 79,000 Allowance for Uncollectible Accounts December 31, 2021 December 31, 2022 July 2, 2022 0 December 31, 2022 Accounts Receivable 40,400 24,500 September 17, 2021 June 12, 2021 December 31, 2021 March 4, 2022 + 15,900 55,400 10,000 May 20, 2022 July 2, 2022 44,500 (October 19, 2022 December 31, 2022 16,800 3. Calculate net accounts receivable at the end of 2021 and 2022. 2021 2022 Total accounts receivable Net accounts receivable need both december 31 under allowance for uncollectible accounts
need july 2nd under account receivable
need all of #3
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