Journal Entries $-$ Problem $5-2($Algo$)$ Record transactions related to accounts receivable $($LO$5-5,5-6,5-7,5-8)$

The following events occur for The Underwood Corporation during $2026$ and $2027,$ its first $2$ years of operations.

June $12,2026$ Provide services to customers on account for $\backslash$$$62,600.$

September $17,2026$ Receive $\backslash$$$43,000$ from customers on account.

December $31,2026$ Estimate that $45\backslash \%$ of accounts receivable at the end of the year will not be received.

March $4,2027$ Provide services to customers on account for $\backslash$$$77,600.$

May $20,2027$ Receive $\backslash$$$11,800$ from customers for services provided in $2026.$

July $2,2027$ Write off the remaining amounts owed from services provided in $2026.$

October $19,2027$ Receive $\backslash$$$63,000$ from customers for services provided in $2027.$

December $31,2027$ Estimate that $45\backslash \%$ of accounts receivable at the end of the year will not be received.

Required:

Record the journal entries for each transaction.

Note: If no entry is required for a particular transaction or event, select $"$No Journal Entry Required" in the first account field. Answer is not complete.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline No & Date & $\backslash$multicolumn$\{2\}\{|$l$|\}\{$General Journal$\}$ & Debit & Credit $\backslash \backslash$

$\backslash$hline $1$ & June $12,2026$ & Accounts Receivable & $($ & $62,600$ & $\backslash \backslash$

$\backslash$hline & & Service Revenue & $\backslash (\backslash$cdot $\backslash )$ & & $62,600\backslash \backslash$

$\backslash$hline $2$ & September $17,202$ & Cash & $\backslash (\backslash$checkmark $\backslash )$ & $43,000$ & $\backslash \backslash$

$\backslash$hline & & Accounts Receivable & $($ & & $43,000\backslash \backslash$

$\backslash$hline $3$ & December $31,202$ & Bad Debt Expense & $\backslash (\backslash$checkmark $\backslash )$ & $8,820$ & $\backslash \backslash$

$\backslash$hline & & Allowance for Uncollectible Accounts & $\backslash (\backslash$cdot $\backslash )$ & & $8,820\backslash \backslash$

$\backslash$hline $4$ & March $04,2027$ & Accounts Receivable & V & $77,600$ & $\backslash \backslash$

$\backslash$hline & & Service Revenue & $($ & & $77,600\backslash \backslash$

$\backslash$hline $5$ & May $20,2027$ & Cash & $($ & $11,800$ & $\backslash \backslash$

$\backslash$hline & & Accounts Receivable & $\backslash (\backslash$cdot $\backslash )$ & & $11,800\backslash \backslash$

$\backslash$hline $6$ & July $02,2027$ & Allowance for Uncollectible Accounts & $($ & $7,800$ & $\backslash \backslash$

$\backslash$hline & & Accounts Receivable & $\backslash (\backslash$cdot $\backslash )$ & & $7,800\backslash \backslash$

$\backslash$hline $7$ & October $19,2027$ & Cash & V & $63,000$ & $\backslash \backslash$

$\backslash$hline & & Accounts Receivable & $\backslash (\backslash$cdot $\backslash )$ & & $63,000\backslash \backslash$

$\backslash$hline $8$ & December $31,202$ & No Journal Entry Required & $\backslash (\backslash$times $\backslash )$ & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$