Problem 5-3A (Algo) Record transactions related to accounts receivable (LO5-3,5-4, 5-5)The following events occur for The Benson Corporation during 2024 and 2025, its first two years of operations.June 12, 2024 Provide services to customers on account for $36,200.September 17, 2024 Receive $21,000 from customers on account.December 31, 2024March 4, 2025May 20, 2025July 2, 2025October 19, 2025December 31, 2025Required:1. Record transactions for each date.2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts.3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025.Estimate that 45% of accounts receivable at the end of the year will not be received.Provide services to customers on account for $51,200.Complete this question by entering your answers in the tabs below.Receive $10,000 from customers for services provided in 2024.Write off the remaining amounts owed from services provided in 2024.Receive $41,000 from customers for services provided in 2025.Estimate that 45% of accounts receivable at the end of the year will not be received.Required 1 Required 2View transaction listNoRecord transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in thefirst account field.)28Required 3View journal entry worksheetDateSeptember 17,2024December 31,2025General JournalNo Transaction RecordedLegal Fees Expense< Required 1Required 2 >DebitCreditProblem 5-3A (Algo) Record transactions related to accounts receivable (LO5-3,5-4,5-5)The following events occur for The Benson Corporation during 2024 and 2025, its first two years of operations.June 12, 2024 Provide services to customers on account for $36,200.September 17, 2024 Receive $21,000 from customers on account.December 31, 2024March 4, 2025May 20, 2025July 2, 2025October 19, 2025December 31, 2025Required:1. Record transactions for each date.2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts.3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025.Required 1Estimate that 45% of accounts receivable at the end of the year will not be received.Provide services to customers on account for $51,200.Complete this question by entering your answers in the tabs below.Receive $10,000 from customers for services provided in 2024.Write off the remaining amounts owed from services provided in 2024.Receive $41,000 from customers for services provided in 2025.Estimate that 45% of accounts receivable at the end of the year will not be received.Required 2December 31, 2024Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts.December 31, 2025DebitRequired 3DebitCash0Allowance for Uncollectible AccountsCredit0CreditDecember 31, 2024December 31, 2025DebitDecember 31, 2024December 31, 2025Accounts ReceivableCreditProblem 5-3A (Algo) Record transactions related to accounts receivable (LO5-3,5-4, 5-5)The following events occur for The Benson Corporation during 2024 and 2025, its first two years of operations.June 12, 2024 Provide services to customers on account for $36,200.September 17, 2024 Receive $21,000 from customers on account.December 31, 2024 Estimate that 45% of accounts receivable at the end of the year will not be received.March 4, 2025Provide services to customers on account for $51,200.Receive $10,000 from customers for services provided in 2024.May 20, 2025July 2, 2025Write off the remaining amounts owed from services provided in 2024.October 19, 2025 Receive $41,000 from customers for services provided in 2025.December 31, 2025 Estimate that 45% of accounts receivable at the end of the year 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 net accounts receivable reported in the balance sheet at the end of 2024 and 2025.Complete this question by entering your answers in the tabs below.Required 1Required 2Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025.Total accounts receivableRequired 3Net accounts receivable2024< Required 22025Required 3 >

The allowance for doubtful represents the estimated accounts for the accounts that seems to be…

m 5-3A (Algo) Record transactions related to accounts receivable (LO5-3,5-4,5-5) owing events occur for The Benson Corporation during 2024 and 2025, its first two years of operations. 2824 Provide services to customers on account for $36,200 er 17, 2824 Receive $21,800 from customers on account. 31, 2824 Estimate that 45% of accounts receivable at the end of the year will not be received. 2025 Provide services to customers on account for 151,200. Receive $30,000 from customers for services provided in 2024. 2025 2025 Write off the remaining amounts oved from services provided in 2024. Receive $41,800 from customers for services provided in 2025. 19, 2825 31, 2825 Estimate that 45% of accounts receivable at the end of the year will not be received. nd: d transactions for each date ransactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. late net accounts receivable reported in the balance sheet at the end of 2024 and 2025 plete this question by entering your answers in the tabs below. ed: Required 2 Required 3 I transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the count field.) ransaction last View journal entry worksheet Date September 17, 2004 1 " December 31, 2025 General Journal No Transaction Recorded Legal Fees Experse Deb Credit Ⓒ Problem 5-3A (Algo) Record transactions related to accounts receivable (LO5-3,5-4,5-5) The following events occur for The Benson Corporation during 2024 and 2025, its first two years of operations. June 12, 2824 Provide services to customers on account for $36,200. September 17, 2824 Receive $21,000 from customers on account. December 31, 2824 Estinate that 45% of accounts receivable at the end of the year will not be received. March 4, 2825 Provide services to customers on account for $51,200. May 20, 2025 Receive $10,000 from custoners for services provided in 2824. Write off the remaining amounts oved fron services provided in 2024. Receive 541,000 from customers for services provided in 2025. Estinate that 45% of accounts receivable at the end of the year will not be received. July 2, 2025 October 19, 2925 December 31, 2825 Required: 1. Record transactions for each date 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accounts. Cash Debit December 31, 2024 December 31, 2025 Credit Allowance for Uncollectible Accounts Debit Cred Debit December 31, 2024 December 31, 2025 Accounts Receivable Credit Problem 5-3A (Algo) Record transactions related to accounts receivable (LO5-3,5-4,5-5 The following events occur for The Benson Corporation during 2024 and 2025, its first two years of operations June 12, 2824 Provide services to customers on account for $36,200. September 17, 2824 Receive $21,000 from customers on account. December 31, 2824 Estinate that 45% of accounts receivable at the end of the year will not be receiv March 4, 2025 Provide services to customers on account for $51,200 Receive $10,000 from customers for services provided in 2824. May 20, 2025 July 2, 2025 Write off the remaining amounts oved from services provided in 2024. October 19, 2025 Receive $41,000 from customers for services provided in 2025. December 31, 2825 Estinate that 45% of accounts receivable at the end of the year will not be receiv Required: 1. Record transactions for each date 2. Post transactions to the following accounts: Cash, Accounts Receivable, and Allowance for Uncollectible Accou 3. Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate net accounts receivable reported in the balance sheet at the end of 2024 and 2025. Total accounts receivab Net accounts receivable 2024 < Required 2 Required 3 >