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Q.9 Use the required information to answer the following 3 simple parts. [The following information applies to the questions displayed below.] The following events occur
Q.9 Use the required information to answer the following 3 simple parts.
[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 $31,400. | |||
September | 17, | 2021 | Receive $17,000 from customers on account. | |||
December | 31, | 2021 | Estimate that 40% of accounts receivable at the end of the year will not be received. | |||
March | 4, | 2022 | Provide services to customers on account for $46,400. | |||
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 $37,000 from customers for services provided in 2022. | |||
December | 31, | 2022 | Estimate that 40% of accounts receivable at the end of the year will not be received. |
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Journal entry worksheet 2 3 4 5 6 7 8 Provide services to customers on account for $31,400. Note: Enter debits before credits. General Journal Debit Credit Date June 12, 2021 Record entry Clear entry View general journal UITIUI SIILI
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