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We need to use the given data to fill in requirment 1, 2, and 3.
AutoSave OFF Home Insert Draw Page Layout Formulas Data Review View Tell me х Arial 10 ν Α Α 2 Wrap Text Paste BIU A v Merg
Problem 05-03 Requirement 1: THE UNDERWOOD CORPORATION 2021 and 2022 Transactions Date June 12, 2021 Debit Credit Account Acc
Data Review View Tell me Arial 10 Α Α΄ Wrap Text Paste General B BE Merge & Center $ % 1 X & fx А С D E F H J October 19, 202
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Answer #1

Solution:

A.

The Underwood Corporation Journal Entries Date Account Jun-12 Accounts Receivable Service Revenue Debit Credit 41000 41000 25

B.

Accounts Receivable Jun-12 41000 Sep-17 25000 16000 12/31/2021 01-01-2022 Mar-04 16000 56000 May-20 Jul-02 Oct-19 10000 6000

C.

2021 2022 16000 11000 Total Accounts Receivable Less: Allowance Net Accounts Receivable 7200 4950 8800 6050

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