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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
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 $38,000. July 23, 2021 Receive $27,000 from customers on account.. December 31, 2021 Estimate that 25% of uncollected accounts will not be received. April 12, 2022 Provide services to customers on account for $51,000. June 28, 2022 Receive $6,000 from customers for services provided in 2021. September 13, 2022 Write off the remaining amounts oved from services provided in 2021. October 5, 2022 Receive $45,000 from customers for services provided in 2022. December 31, 2022 Estimate that 25% of uncollected accounts 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.) Required information 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.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 B Provide services to customers on account for $38,000. Note: Enter debits before credits. Date Feb. 2, 2021 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 8 Receive $27,000 from customers on account. Note: Enter debits before credits. Date Jul. 23, 2021 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 8 Estimate that 25% of uncollected accounts will not be received. Note: Enter debits before credits. Date Dec. 31, 2021 General Journal Debit Credit Journal entry worksheet < 1 2 3 5 6 7 8 Provide services to customers on account for $51,000. Note: Enter debits before credits. Date Apr. 12, 2022 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 8 Receive $6,000 from customers for services provided in 2021. Note: Enter debits before credits, Date Jun. 28, 2022 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 8 Write off the remaining amounts owed from services provided in 2021. Note: Enter debits before credits. Date Sep. 13, 2022 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 8 Receive $45,000 from customers for services provided in 2022. Note: Enter debits before credits. Date Oct. 5, 2022 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 8 Estimate that 25% of uncollected accounts will not be received. Note: Enter debits before credits. Date Dec. 31, 2022 General Journal Debit Credit 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. Cash December 31, 2021 0 December 31, 2022 0 Allowance for Uncollectible Accounts December 31, 2021 0 December 31, 2022 Accounts Receivable December 31, 2021 December 31, 2022 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 $38,000. July 23, 2021 Receive $27,000 from customers on account. December 31, 2021 Estimate that 25% of uncollected accounts will not be received. April 12, 2022 Provide services to customers on account for $51,000. 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 $45,000 from customers for services provided in 2022. December 31, 2022 Estimate that 25% of uncollected accounts will not be received. 3. Calculate net accounts receivable at the end of 2021 and 2022. Total accounts receivable Net accounts receivable 2021 2022
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