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0 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 $35,000. September 17, 2021 Receive $20,000 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 $50,000. 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 $40,000 from customers for services provided in 2022. December 31, 2022 Estimate that 40% of accounts receivable at the end of the year will not be received. Required: 1. Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete but not entirely correct. No Date General Journal Debit Credit 1 June 12, 2021 35,000 Accounts Receivable Service Revenue 35,000 N September 17, 20. Cash 20,000 Accounts Receivable 20,000 3 December 31, 202 Bad Debt Expense 6,000 Allowance for Uncollectible Accounts 6,000 Answer is complete but not entirely correct. No Date General Journal Debit Credit 1 June 12, 2021 Accounts Receivable 35,000 >> Service Revenue 35,000 2 September 17, 20. Cash 20,000 >$ Accounts Receivable 20,000 3 > 6,000 December 31, 202 Bad Debt Expense Allowance for Uncollectible Accounts 6,000 4 March 04, 2022 Accounts Receivable 50,000 O Service Revenue 50,000 5 May 20, 2022 Cash 10,000 Accounts Receivable 10,000 6 July 02. 2022 Allowance for Uncollectible Accounts 5,000 Accounts Receivable 5,000 OO OO 7 40,000 October 19, 2022 Cash Accounts Receivable 40,000 8 December 31, 202 Bad Debt Expense 5,400 VIS Allowance for Uncollectible Accounts 5,400

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