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The following information applies to the questions displayed below The following events occur for The Underwood Corporation during 2018 and 2019, its first two years

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The following information applies to the questions displayed below The following events occur for The Underwood Corporation during 2018 and 2019, its first two years of operations. June 12, 2018 Provide services to customers on account for $41,000 September 17, 2018 Receive $25,000 from customers on account December 31, 2018 Estimate that 45% of accounts receivable at the end of the year will not be received. March 4, 2019 Provide services to customers on account for $56,000 May 20, 2019 Recelve $10,000 from customers for services provided in 2018. July 2, 2019 Write off the remaining amounts owed from services provided in 2018 October 19, 2019 Recelve $45,000 from customers for services provided in 2019 December 31, 2019 Estimate that 45% of accounts receivable at the end of the year will not be received. 2. Required 1. Record transactions for each date. (If no entry is required for a 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 $41,000. Note: Enter debits before credits Date General Journal Debit Credit June 12, 2018 3. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts December 31, 2018 December 31, 2018 December 31, 2019 December 31, 2019 Allowance for Un December 31, 2018 December 31, 2019 Book & Resources eBook: Apply the procedure to write off accounts receirable as uncollectible eBook Record an allowance for future uncollectible accounts 4. 3. Calculate the net realizable value of accounts receivable at the end of 2018 and 2019. 2018 2019 Total accounts receivable Net realizable value

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