Question
Required information Skip to question [The following information applies to the questions displayed below.] The following events occur for The Underwood Corporation during 2021 and
Required information
Skip to question
[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.
June12,2021Provide services to customers on account for $35,600.September17,2021Receive $20,500 from customers on account.December31,2021Estimate that 45% of accounts receivable at the end of the year will not be received.March4,2022Provide services to customers on account for $50,600.May20,2022Receive $10,000 from customers for services provided in 2021.July2,2022Write off the remaining amounts owed from services provided in 2021.October19,2022Receive $40,500 from customers for services provided in 2022.December31,2022Estimate that 45% of accounts receivable at the end of the year will not be received.
Required:
1.Record transactions for each date.(If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
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