- Es Required Information The Following Information Applies To The Questions Displayed Below The Following Events Occu 1 (45.5 KiB) Viewed 9 times
- Es Required Information The Following Information Applies To The Questions Displayed Below The Following Events Occu 2 (40.78 KiB) Viewed 9 times
es 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 customers on account for $39,800. September 17, 2021 Receive $24,000 from customers on account. December 31, 2021 Estimate that 45% of accounts receivable at the end of the year will not be received. March 4, 2022 Provide services to customers on account for $54,800. 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 $44,000 from customers for services provided in 2022. December 31, 2022 Estimate that 45% of accounts receivable at the end of the year will not be received. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. December 31, 2021 December 31, 2022 Cash Allowance for Uncollectible Accounts December 31, 2021 December 31, 2021 December 31, 2022 Accounts Receivable
March 4, 2022 Provide services to customers on acco 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 $44,000 from customers for services provided in 2022. December 31, 2022 Estimate that 45% of accounts receivable at the end of the year will not be received. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. December 31, 2021 December 31, 2022 Cash Allowance for Uncollectible Accounts December 31, 2021 December 31, 2022 December 31, 2021 December 31, 2022 Accounts Receivable