receivable (LO5-3, 5-5) P5-3A The following events occur for The Underwood Corporation during 2015 and 2016 , its first two years of operations. June 12, 2015 Provide services to customers on account for $41,000. September 17,2015 Receive $25,000 from customers on account. CHAPTER 5 Receivables and Sales December 31,2016 Receive $45,000 from customers for services provided in 2016. 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 the net realizable value of accounts receivable at the end of 2015 and 2016