Required information

[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 $33,800.
September		17,		2021		Receive $19,000 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 $48,800.
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 $39,000 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.

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.)

2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts.

3. Calculate net accounts receivable at the end of 2021 and 2022.