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The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations. June 12, 2021 Provide services to

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The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations. June 12, 2021 Provide services to customers on account for $40,400. September 17, 2021 Receive $24,500 from customers on account. December 31, 2021 Estimate that 45s of accounts receivable at the end of the year will not be received. March 4, 2022 Provide services to customers on account for $55,400. May 20, 2022 Receive $10,000 from customers for services provided in 2021. July 2, 2022 Write off the renaining amounts owed from services provided in 2021. October 19, 2022 Receive $44,500 from customers for services provided in 2022. December 31, 2022 Estimate that 45% of accounts receivable at the end of the year will not be received. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. Cash December 31, 2021 0 December 31, 2022 Allowance for Uncollectible Accounts December 31, 2021 0 December 31, 2022 Accounts Receivable December 31, 2021 0 December 31, 2022 0

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