Question: Please answer these questions with explanation. Thanks you so much for your helping me Ctri Alt 18-27. The following events occur for Wortham Landscape Design

 Please answer these questions with explanation. Thanks you so much foryour helping me Ctri Alt 18-27. The following events occur for Wortham

Please answer these questions with explanation.

Thanks you so much for your helping me

Ctri Alt 18-27. The following events occur for Wortham Landscape Design during 2018 and 2019, its first two years of operations February 2, 2018 July 23, 2018 Provide services to customers on account for $26,000 Receive $20,000 from customers on account. Estimate that 10% of uncollected accounts will not be received. mber 31, 2018 April 12, 2019 June 28, 2019 September October 5, 2019 ovide services to customers on account for $40,000. Receive $5,000 from customers for services provided in 2018 Write off the remaining amounts owed from services provided in 201 Receive $33,000 from customers for services provided in 2019 Estimate that 10%ofuncollected accounts will not be received. Required 1. Record transactions for each date. 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts 3. Calculate the net realizable value of accounts receivable at the end of 2018 and 2019. Date Account Debit Credit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!