Problem 5-3A Record transactions related to accounts receivable (LO5-3, 5-4, 5-5)

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[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 $41,000.
September		17,		2021		Receive $25,000 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 $56,000.
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 $45,000 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.

Problem 5-3A Part 1

Required:

1. Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

No Date General Journal Debit Credit > 1 June 12, 2021 Accounts Receivable 41,000 Service Revenue 41,000 2 September 17, 2021 Cash 25,000 Accounts Receivable 25,000 3 December 31, 2021 Bad Debt Expense 7,200 Allowance for Uncollectible Accounts 7,200 4 March 04, 2022 Accounts Receivable 56,000 Service Revenue 56,000 5 May 20,2022 Cash 10,000 Accounts Receivable 10,000 > 6 July 02,2022 Allowance for Uncollectible Accounts 6,000 Accounts Receivable 6,000 % 7 October 19, 2022 Cash 45,000 Accounts Receivable 45,000 8 December 31, 2022 Bad Debt Expense Allowance for Uncollectible Accounts

\begin{tabular}{|c|c|c|c|c|c|} \hline & No & Date & General Journal & Debit & Credit \\ \hline \multirow[t]{2}{*}{} & 1 & June 12, 2021 & Accounts Receivable & 41,000 & \\ \hline & & & Service Revenue & & 41,000 \\ \hline \multirow[t]{2}{*}{1} & 2 & \begin{tabular}{c} September 17, \\ 2021 \end{tabular} & Cash & 25,000 & \\ \hline & & & Accounts Receivable & & 25,000 \\ \hline & 3 & December 31, 2021 & Bad Debt Expense & 7,200 & \\ \hline & & & Allowance for Uncollectible Accounts & & 7,200 \\ \hline & 4 & March 04, 2022 & Accounts Receivable & 56,000 & \\ \hline & & & Service Revenue & & 56,000 \\ \hline & 5 & May 20, 2022 & Cash & 10,000 & \\ \hline & & & Accounts Receivable & & 10,000 \\ \hline & 6 & July 02, 2022 & Allowance for Uncollectible Accounts & 6,000 & \\ \hline & & & Accounts Receivable & & 6,000 \\ \hline \multirow[t]{2}{*}{} & 7 & October 19, 2022 & Cash & 45,000 & \\ \hline & & & Accounts Receivable & & 45,000 \\ \hline & 8 & December 31, 2022 & Bad Debt Expense & & \\ \hline & & & Allowance for Uncollectible Accounts & & \\ \hline \end{tabular}