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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 customers on account for $29,000. September 17, 2021 Receive $15, eee 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 $44,000 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 $35,000 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. Problem 5-3A Part 3 3. Calculate net accounts receivable at the end of 2021 and 2022 Answer is complete but not entirely correct. 2021 2022 S 0 X $ Total accounts receivable Add: Allowance for uncollectible accounts X 29,000 X 14,000 X 44,000 X 45,000 9,000 X Less: Bad debts X 15,000 X 0 X $ Net accounts receivable