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Please show calculations if possible. Thank you! Required information Problem 5-3B Record transactions related to accounts receivable (LO5-3,5-4, 5-5) [The following information applies to the
Please show calculations if possible. Thank you!
Required information Problem 5-3B Record transactions related to accounts receivable (LO5-3,5-4, 5-5) [The following information applies to the questions displayed below.] The following events occur for Morris Engineering during 2021 and 2022, its first two years of operations. February 2, 2021 Provide services to customers on account for $37,400. July 23, 2021 Receive $26,500 from customers on account. December 31, 2021 Estimate that 30% of uncollected accounts will not be received. April 12, 2022 Provide services to customers on account for $50,400. June 28, 2022 Receive $6,000 from customers for services provided in 2021. September 13, 2022 Write off the remaining amounts owed from services provided in 2021. October 5, 2022 Receive $44,500 from customers for services provided in 2022. December 31, 2022 Estimate that 30% of uncollected accounts will not be received. Problem 5-3B Part 2 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. Cash Accounts Receivable December 31, 2021 0 December 31, 2021 December 31, 2022 01 December 31, 2022 0 Allowance for Uncollectible Accounts December 31, 2021 December 31, 2022Step by Step Solution
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