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The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations. June 12, 2021 Provide services to
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 $29,600. September 17, 2021 Receive $15,500 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 $44,600. 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 $35,500 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. Required: 1. Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Requi the first account field.) View transaction list View Journal entry worksheet No Date General Journal Debit Credit 1 June 12, 2021 Accounts Receivable 29,600 Service Revenue 29,600 Required information June 12, 2021 Accounts Receivable Service Revenue 2 September 17, 2021 Cash Accounts Receivable 7 3 December 31, 2021 Bad Debt Expense Allowance for Uncollectible Accounts 4 March 04, 2022 Accounts Receivable Service Revenue 5 May 20, 2022 Cash Accounts Receivable 6 July 02, 2022 Allowance for Uncollectible Accounts Accounts Receivable 7 October 19, 2022 Cash Accounts Receivable B December 31, 2022 Bad Debt Expense Allowance for Uncollectible Accounts 29,600 29,600 15,500 15,500 44,600 44,600 10,000 10,000 35,500 35,500 3 Estimate that 45% of accounts receivable at the end of the year will not be received. 4 Provide services to customers on account for $44,600. 5 Receive $10,000 from customers for services provided in 2021. 6 Write off the remaining amounts owed from services provided in 2021. 7 Receive $35,500 from customers for services provided in 2022. 8 Estimate that 45% of accounts receivable at the end of the year will not be received. journal entry has been entered Note: 6 July 02, 2022 Allowance for Uncollectible Accounts
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