Question
The following events occur for The Underwood Corporation during 2012 and 2013, its first two years of operations. June 12, 2012 Provide services to customers
The following events occur for The Underwood Corporation during 2012 and 2013, its first two years of operations. June 12, 2012 Provide services to customers on account for $36,900. September 17, 2012 Receive $11,000 from customers on account. December 31, 2012 Estimate that 30% of accounts receivable at the end of the year will not be received. March 4, 2013 Provide services to customers on account for $69,000. May 20, 2013 Receive $19,500 from customers for services provided in 2012. July 2, 2013 Write off the remaining amounts owed from services provided in 2012. October 19, 2013 Receive $15,400 from customers for services provided in 2013. December 31, 2013 Estimate that 45% of accounts receivable at the end of the year will not be received. Given this, I need help with finding the answer to the last one, which is on December 31, 2013 - Estimate that 45% of accounts receivable at the end of the year will not be received. THANK YOU
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