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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
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 $33,800. September 17, 2021 Receive $19,000 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 $48,800. 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 $39,000 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. 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.) View transaction list Journal entry worksheet Provide services to customers on account for $33,800. Note: Enter debits before credits. Date General Journal Debit Credit June 12, 2021 Record entry Clear entry View general journal Journal entry worksheet Receive $19,000 from customers on account. Note: Enter debits before credits. Date General ournal Debit Credit September 17, 2021 Record entry Clear entry View general journal Journal entry worksheet Estimate that 40% of accounts receivable at the end of the year will not be received. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View general journal Journal entry worksheet Receive $10,000 from customers for services provided in 2021. Note: Enter debits before credits. Date General Journal Debit Credit May 20, 2022 Record entry Clear entry View general journal Journal entry worksheet
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