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Problem 5-3A (Algo) Record transactions related to accounts receivable (LO5-3, 5-4, 5-5) The following events occur for The Spanaccio Corporation during 2024 and 2025, its

image text in transcribed Problem 5-3A (Algo) Record transactions related to accounts receivable (LO5-3, 5-4, 5-5) The following events occur for The Spanaccio Corporation during 2024 and 2025, its first two years of operations. June 12, 2024 Provide services to customers on account for $32,600. September 17, 2024 Receive $18,000 from customers on account. December 31,2024 Estimate that 40% of accounts receivable at the end of the year will not be received. March 4, 2025 Provide services to customers on account for $47,600. May 20, 2025 Receive $10,000 from customers for services provided in 2024. July 2, 2025 Write off the remaining amounts owed from services provided in 2024. October 19, 2025 Receive $38,000 from customers for services provided in 2025 . December 31, 2025 Estimate that 40% of accounts receivable at the end of the year will not be received. 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

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