Requirement 1: THE UNDERWOOD CORPORATION 2021 and 2022 Transactions Date June 12, 2021 Debit Credit.

Requirement 1: THE UNDERWOOD CORPORATION 2021 and 2022 Transactions Date June 12, 2021 Debit Credit.
  Requirement 1: THE UNDERWOOD CORPORATION 2021 and 2022 Transactions Date June 12, 2021 Debit Credit Account Accounts Receivable Service Revenue (Provide services on account) II September 17, 2021 Cash Accounts Receivable (Receive cash on account) December 31, 2021 Bad Debt Expense Allowance for Uncollectible Accounts (Estimate future bad debts) March 4, 2022 Accounts Receivable Service Revenue (Provide services on account) May 20, 2022 Cash Accounts Receivable (Receive cash on account) May 20, 2022 Cash Accounts Receivable (Receive cash on account) Allowance for Uncollectible Accounts Accounts Receivable (Write off actual bad debts) LU July 2. 2022 October 19, 2022 Cash Accounts Receivable (Receive cash on account) Bad Debt Expense Allowance for Uncollectible Accounts (Estimate future bad debtal December 31, 2022 Requirement 2: THE UNDERWOOD CORPORATION T-Accounts Cash Accounts Receivable Allowance for Uncollectible Accts. 12/31/21 12/31/21 12/31/21 12/31/22 12/31/22 12/31/22 Requirement 3: 2021 2022 Total accounts receivable Less: Allowance for uncollectible accounts Net accounts receivable THE UNDERWOOD CORPORATION S S Transactions for 2021 and 2022: Provide service to customers on account Receive cash from customers on account Estimated A/R that will not be received Provide service to customers on account Receive cash from customers for 2021 services Write off remaining 2021 accounts Receive cash from customers for 2022 services Estimated A/R that will not be received June 12, 2021 September 17, 2021 December 31, 2021 March 4, 2022 May 20, 2022 July 2. 2022 October 19, 2022 December 31, 2022 S 41,000 25.000 45% 56.000 10,000 ? 45.000 45% S May 16 2022 03:12 PM

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