The following information applies to the questlons 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 $39.800. September 17, 2018 Recelve $24,000 from customers on account. December 31, 2018 Estimate that 45% of accounts receivable at the end of the year will not be receve . March 4, 2019 Provide services to customers on account for $54,800 May 20, 2019 Recelve $10,000 from customers for services provided In 2018. July 2, 2019 Write off the remalning amounts owed from services provided In 2018. October 19, 2019 Recelve $44,000 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. 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 View journal entry worksheet No Date General Journal Debit Credit June 12. 2018 Accounts payable 39,800 Service fee expense 39.800 2September 17 Cash 24,000 2018 Accounts receivable 24,000 December 2018 Bd debt expense 7,110 Allowance for uncollectible accounts 7.110 March 04, 2019 Accounts receivable 54,800 Service revenue 54,800 5 May 20, 2019 Cesh 10,000 Accounts receivable 10,000 July 02. 2019 Allowance for uncollectible accounts 5,800 Accounts receivable 5,800 7 October 19, 2019 7October 19, 2019 Cesh 44,000 Accounts receivable 44.000 December 31. Bad debt expense 4,860 2019 Allowance for uncollectible accounts 4,860 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. Cash Accounts Receivable September 17, 2018 24,000 une 12, 2018 September 17, 2018 December 31, 2018 May 20, 2019 October 19, 2019 24,000 10,000 44,000 December 31, 2018 May 20, 2019 July 2, 2019 October 19, 2019 December 31, 2019 78,000 December 31, 2019 Allowance for Un e Accounts December 31, 2018 4,860 December 31, 2019 July 2, 2019 5,800 940 December 31, 2019 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 Net realizable value