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 $$55,400.$

September $17,2026$ Receive $$39,000$ from customers on account.

December $31,2026$ Estimate that $40\%$ of accounts receivable at the end of the year will not be received.

March $4,2027$ Provide services to customers on account for $$70,400.$

May $20,2027$ Receive $$11,200$ 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 $$57,000$ from customers for services provided in $2027.$

December $31,2027$ Estimate that $40\%$ 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.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

$7$

$8$

Provide services to customers on account for $$55,400.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Cred?$],[$June $12,2026,,,],[,,,],[,,,],[,,,],[,,,]]$