Required information (The following information applies to the questions displayed below.) The following events occur for Morris Engineering during 2018 and 2019, its first two years of operations. February 2, 2018 Provide services to customers on account for $27,800. July 23, 2018 Receive $18,500 from customers on account. December 31, 2018 Estimate that 20% of uncollected accounts will not be received. April 12, 2019 Provide services to customers on account for $40,800. June 28, 2019 Receive $6,000 from customers for services provided in 2018. September 13, 2019 Write off the remaining amounts owed from services provided in 2018. October 5, 2019 Receive $36,500 from customers for services provided in 2019. December 31, 2019 Estimate that 20% of uncollected accounts will not be received. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. Cash Accounts Receivable July 23, 2018 18,500 December 31, 2018 December 31, 2018 June 28, 2019 October 5, 2019 18,500 6,000 36,500 December 31, 2019 61,000 December 31, 2019 Allowance for Uncollectible Accounts 18,500 December 31, 2018 September 13, 2019 December 31, 2019 18,500 December 31, 2019 Required information (The following information applies to the questions displayed below.) The following events occur for Morris Engineering during 2018 and 2019, its first two years of operations. February 2, 2018 Provide services to customers on account for $27,800. July 23, 2018 Receive $18,500 from customers on account. December 31, 2018 Estimate that 20% of uncollected accounts will not be received. April 12, 2019 Provide services to customers on account for $40,800. June 28, 2019 Receive $6,000 from customers for services provided in 2018. September 13, 2019 Write off the remaining amounts owed from services provided in 2018. October 5, 2019 Receive $36,500 from customers for services provided in 2019. December 31, 2019 Estimate that 20% of uncollected accounts will not be received. 3. Calculate the net realizable value of accounts receivable at the end of 2018 and 2019. 2018 2019 Total accounts receivable Net realizable value