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

[The following information applies to the questions displayed below.] The following events occur for The Underwood Corporation during 2018 and 2019, its first two years of operations.

June 12, 2018 Provide services to customers on account for $33,800. September 17, 2018 Receive $19,000 from customers on account. December 31, 2018 Estimate that 40% of accounts receivable at the end of the year will not be received. March 4, 2019 Provide services to customers on account for $48,800. May 20, 2019 Receive $10,000 from customers for services provided in 2018. July 2, 2019 Write off the remaining amounts owed from services provided in 2018. October 19, 2019 Receive $39,000 from customers for services provided in 2019. December 31, 2019 Estimate that 40% of accounts receivable at the end of the year will not be received.

1.

value: 1.00 points

Required information

Problem 5-3A Part 1

Required:

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

October 19, 2019 7 Cash 39,000 30,0000 Accounts receivable December 31 2019 3,920 & Bad debt expense Allowance for uncollectible accounts 3,920