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The following events occur for Providence Landscape Design Engineering during 2024 and 2025, its first two years of oper
Posted: Sun Jun 05, 2022 5:03 pm
by answerhappygod
- The Following Events Occur For Providence Landscape Design Engineering During 2024 And 2025 Its First Two Years Of Oper 1 (360.38 KiB) Viewed 47 times
The following events occur for Providence Landscape Design Engineering during 2024 and 2025, its first two years of operations. February 2, 2024 July 23, 2024 Provide services to customers on account for $32,600. Receive $22,500 from customers on account. Estimate that 25% of uncollected accounts will not be received. Provide services to customers on account for $45,600. Receive $6,000 from customers for services provided in 2024. December 31, 2024 April 12, 2025 June 28, 2025 September 13, 2025 October 5, 2025 December 31, 2025 Write off the remaining amounts owed from services provided in 2024. Receive $40,500 from customers for services provided in 2025. Estimate that 25% of uncollected accounts will not be received. Required: 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025.