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Required Information Problem 5-3A Record transactions related to accounts receivable (LO5-3, 5-4, 5-5) The following information applies to the questions displayed below] The following events
Required Information Problem 5-3A Record transactions related to accounts receivable (LO5-3, 5-4, 5-5) 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, 2821 Provide services to customers on account for $30, 800 September 17, 2821 Receive $16,500 from customers on account. December 31, 2821 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 $45,800 May 28, 2022 Receive $10,eee from customers for services provided in 2821 July 2, 2022 Write off the remaining amounts owed from services provided in 2021. October 19, 2822 Receive $36,5e8 from customers for services provided in 2822 December 31, 2822 Estimate that 45 % of accounts receivable at the end of the year will not be received Problem 5-3A Part 2 Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts Answer is not complete. Cash Accounts Receivable September 17. 2021 June 12, 2021 September 17, 30,800 16,500 December 31, 2021 December 31, 2021 0 14,300 March 4, 2022 45,800 May 20, 2022 October 19, 2022 December 31, 2022 December 31, 2022 0 60,100 Allowance for Uncollectible Accounts December 31, 2021 December 31, 2022 0
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