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The following events occur for The Benson Corporation during 2024 and 2025 , its first two years of operations. June 12,2024 Provide services to customers
The following events occur for The Benson Corporation during 2024 and 2025 , its first two years of operations. June 12,2024 Provide services to customers on account for $39,800. September 17,2024 Receive $24,000 from customers on account. December 31, 2024 Estimate that 45\% of accounts receivable at the end of the year will not be received. March 4, 2025 Provide services to customers on account for $54,800. May 20, 2025 Receive $10,000 from customers for services provided in 2024 . July 2, 2025 Write off the remaining amounts owed from services provided in 2024. 0ctober 19, 2025 Receive $44,000 from customers for services provided in 2025. December 31, 2025 Estimate that 45% of accounts receivable at the end of the year will not be received. Required: 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025
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