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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.

pt.1

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pt.3

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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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