Bad debt expense and Allowance for are wrong

0 Required information Problem 5-3A Record transactions related to accounts receivable (LO5-3, 5-4, 5-5) 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 austomers on account for $41,000. September 17, 2021 Receive $25,000 from custoners on account. December 31, 2021 Estimate that 45% of account. receivable at the end of the year will not be received. March 4, 2022 Provide services to customers on account for $56,000. May 20, 2022 Receive $10,000 from custoners for services provided in 2021 July 2, 2022 Write off the remaining amounts owed from services provided in 2021. October 19, 2022 Receive $45,000 from custonern for serviees provided in 2022. December 31, 2022 Estinate that 45t of accounts receivable at the end of the year will not be received. 2 September 17,202 Cash 25,000 Accounts Receivable 25,000 3 December 31, 202 Bad Debt Expense 7,200 Allowance for Uncollectible Accounts 7,200 4 March 04, 2022 Accounts Receivable Service Revenue 56,000 6,000 5 May 20, 2022 Cash 10,000 Accounts Receivable 0,000 6 July 02, 2022 Allowance for Uncollectible Accounts 6,000 Accounts Receivable ,000 7 October 19, 2022 Cash 45,000 Accounts Receivable 5,000 8 December 31, 202 Bad Debt Expense 4,950 O Allowance for Uncollectible Accounts 4,950