Question

This is part 2 and 3 of the same question, not separate questions
Required Information (The following information applies to the questions displayed below.] Part 2 of 3 The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations. 166 points Skipped June 12, 2021 Provide services to customers on account for $36,800. September 17, 2021 Receive $21,588 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 $51,800. May 20, 2022 Receive $10,880 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 $41,500 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. eBook 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. Print Cash Accounts Receivable References December 31, 2021 0 December 31, 2021 0 December 31, 2022 December 31, 2022 0 Allowance for Uncollectible Accounts December 31, 2021 0 December 31, 2022

Answer 1

1)	Date	General Journal				Debit	Credit
	6/12/2018	Accounts receivable				36,800
		sales					36,800
	7/17/2018	cash				21,500
		Accounts receivable					21,500
	12/31/2019	Bad debts expense				6885
		Allowance for uncollectible accounts					6885
		(15300*45%)
	3/4/2019	Accounts receivable				51,800
		sales					51,800
	5/20/2019	cash				10000
		Accounts receivable					10000
	7/2/2019	Allowance for uncollectible accounts				5300
		Accounts receivable					5300
	10/19/2019	cash				41,500
		Accounts receivable					41,500
	12/31/2019	Bad debts expense				3,050
		Allowance for uncollectible accounts					3,050
2)		Cash					Accounts receivable
	9/17/2018	21,500				6/12/2018	36,800	21,500	9/17/2018
	12/31/2018	21,500				12/31/2018	15,300
	1/1/2019	21,500				1/1/2019	15,300	10000	5/20/2019
	5/20/2019	10,000				3/4/2019	51,800	5300	7/2/2019
	10/19/2019	41,500						41,500	10/19/2019
	12/31/2019	73,000				12/31/2019	10,300
	Allowance for uncollectible accounts
			6885	12/31/2018
	7/2/2019	5,300	6885	1/1/2019
			3,050	12/31/2019
			4,635	12/31/2019
3)					2018	2019
	Total account recievable				15,300	10,300
	less:Allowance for uncollectible accounts				6885	4,635
	Net realizable value				8,415	5,665