Required information (The following information applies to the questions displayed below. The following events occur for Morris Engineering during 2021 and 2022, its first two years of operations. February 2, 2021 Provide services to customers on account for $29,600. July 23, 2021 Receive $20,000 from customers on account. December 31, 2021 Estimate that 20% of uncollected accounts will not be received. April 12, 2022 Provide services to customers on account for $42,600. June 28, 2022 Receive $6,000 from customers for services provided in 2021. September 13, 2022 Write off the remaining amounts owed from services provided in 2021. October 5, 2022 Receive $38,000 from customers for services provided in 2022. December 31, 2022 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. Accounts Receivable Cash 29,600 February 2, 2021 20,000 July 23, 2021 9,600 0 December 31, 2021 July 23, 2021 October 5, 2022 February 2, 2021 July 23, 2021 December 31, 2021 April 12, 2022 June 28, 2022 September 13, 2022 October 5, 2022 December 31, 2022 December 31, 2022 9,600 Allowance for Uncollectible Accounts December 31, 2021 September 13, 2022 December 31, 2022 December 31, 2022 Required information (The following information applies to the questions displayed below.] The following events occur for Morris Engineering during 2021 and 2022, its first two years of operations. February 2, 2021 Provide services to customers on account for $29,600. July 23, 2021 Receive $20,000 from customers on account. December 31, 2021 Estimate that 20% of uncollected accounts will not be received. April 12, 2022 Provide services to customers on account for $42,600. June 28, 2022 Receive $6,000 from customers for services provided in 2021. September 13, 2022 Write off the remaining amounts owed from services provided in 2021. October 5, 2022 Receive $38,000 from customers for services provided in 2022. December 31, 2022 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. * Answer is not complete. Accounts Receivable February 2, 2021 % Cash 29,600 x 20,000 July 23, 2021 x o o 9,600 0 December 31, 2021 July 23, 2021 October 5, 2022 x February 2, 2021 July 23, 2021 x December 31, 2021 April 12, 2022 June 28, 2022 x September 13, 2022 X October 5, 2022 x December 31, 2022 December 31, 2022 9,600 0 Allowance for Uncollectible Accounts December 31, 2021 September 13, 2022 December 31, 2022 X 0 December 31, 2022
