post transactions for cash, AR, AUA
calculate net AR
Help Save & Exits Homework Check my 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 of 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 451 of accounts receivable at the end of the year will not be received. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts Cash Accounts Receivable September 17, 2021 15,500 June 12, 2021 29,600 15,500 September 17, 2021 15.500 14,100 December 31, 2021 May 20.2022 October 19, 2022 December 31, 2021 March 4, 2022 10,000 4 4600 10.000 hay 20 2002 10B December 31, 2022 51.000 December 31, 2022 9.100 Allowance for Uncollectible Accounts 15 Dec 31, 2021 December 31, 2022 Homework 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 $29,600. September 17, 2021 Receive $15,500 from customers on account. December 31, 2021 Estimate that 458 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 of the remaining amounts oved from services provided in 2021. October 19, 2022 Receive $35,500 from customers for services provided in 2022 December 31, 2022 Estimate that 458 of accounts receivable at the end of the year will not be received 3. Calculate net accounts receivable at the end of 2021 and 2022. 2021 2022 Total accounts receivable Net accounts receivable