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Required information [The following information applies to the questions displayed below] The following events occur for The Underwood Corporation during 2021 and 2022, its first
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Required information [The following information applies to the questions displayed below] The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations. June 12, 2021 Provide services to custoners on account for $32 , 600 . September 17, 2021 Receive $18 , 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 $47 , 600 . May 20, 2022 Receive $10 , 000 fron customers for services provided in 2021. July 2,2022 Write off the remaining amounts owed from services provided in 2021. october 19, 2022 Receive $38 , 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. 2. Post transactions to the following accountsi Cash, Accounts Recelvable, and Allowance for Uncollectible Accounts
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