[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 $32,600. September 17, 2018 Receive $18,000 from customers on account. December 31, 2018 Estimate that 40% of accounts receivable at the end of the year will not be received. March 4, 2019 Provide services to customers on account for $47,600. May 20, 2019 Receive $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 Receive $38,000 from customers for services provided in 2019 December 31, 2019 Estimate that 40% of accounts receivable at the end of the year will not be received. Award: 0.42 out of 0.50 points You did not receive full credit fo Required: 1. Record transactions for each date. (If no entry is required for a transaction/event, select "No journal entry required No General Journal Date June 12, 2018 Credit 1 Debit 32,600 Accounts receivable Sales allowances 32,600 2 September 17, 20- Cash Accounts receivable 18,000 OO 18.000 3 December 31, 201 Bad debt expense Allowance for uncollectible accounts 5,840 o 5,840 4 March 04, 2019 Accounts receivable Service revenue 47,600 > 47,600 5 May 20, 2019 Cash Accounts receivable 10,000 > 10,000 6 July 02, 2019 Allowance for uncollectible accounts Accounts receivable * 7 October 19, 2019 Cash Accounts receivable 38,000 > OO 38,000 8 December 31, 201 Bad debt expense Allowance for uncollectible accounts >> olo 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. September 17, 2018 Cash 18,000 Accounts Receivable 32,600 18,000 June 12, 2018 September 17, 2018 December 31, 2018 October 19, 2019 18,000 38,000 December 31, 2018 14,600 X > December 31, 2019 56.000 December 31, 2019 14,600 Allowance for Uncollectible Accounts 5,840 December 31, 2018 July 2, 2019 December 31, 2019 Redente noe was expected in a celor medication is incorrect, sed 5,840 3. Calculate the net realizable value of accounts receivable at the end of 2018 and 2019. 2018 2019 Total accounts receivable Less: Allowance for uncollectible accounts + 5,840 Net realizable value