The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations.

2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts.

3. Calculate net accounts receivable at the end of 2021 and 2022.

June 12, 2021 Provide services to customers on account for $30,200. September 17, 2021 Receive $16,000 from customers on account. December 31, 2021 Estimate that 40% of accounts receivable at the end of the year will not be received. March 4, 2022 Provide services to customers on account for $45,200. May 20, 2022 Receive $10,000 from customers for services provided in 2021. July 2, 2022 Write off the remaining amounts owed from services provided in 2021. October 19, 2022 Receive $36,000 from customers for services provided in 2022. December 31, 2022 Estimate that 40% of accounts receivable at the end of the year will not be received Cash Accounts Receivable 30,200 16,000 June 12, 2021 September 17, 2021 December 31, 2021 0 14,200 December 31, 2021 March 4, 2022 45,200 36,000 October 19, 2022 6,520 X December 31, 2022 X December 31, 2022 0 December 31, 2022 16,880 Allowance for Uncollectible Accounts December 31, 2021 0 December 31, 2022 2021 2022 Total accounts receivable Net accounts receivable