The following events occur for Morris Engineering during 2021 and 2022, its first two years of operations. February 2, 2021 Provide services to customers on account for $32,600. July 23, 2021 Receive $22,500 from customers on account. December 31, 2021 Estimate that 25% of uncollected accounts will not be received. April 12, 2022 Provide services to customers on account for $45,600. June 28, 2022 Receive $6,000 from customers for services provided in 2021. September 13, 2022 Write off the remaining amounts owed from services provided in 2021. October 5, 2022 Receive $40,500 from customers for services provided in 2022. December 31, 2022 Estimate that 25% of uncollected accounts will not be received. Journal entry worksheet Provide services to customers on account for $32,600. Note: Enter debits before credits. Date General Journal Debit Credit Feb. 2, 2021 Journal entry worksheet Receive $22,500 from customers on account. Note: Enter debits before credits. Date General Journal Debit Credit Jul. 23, 2021 Journal entry worksheet Estimate that 25% of uncollected accounts will not be received. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31, 2021 Journal entry worksheet Provide services to customers on account for $45,600. Note: Enter debits before credits. Date General Journal Debit Credit Apr. 12, 2022 Journal entry worksheet Receive $6,000 from customers for services provided in 2021. Note: Enter debits before credits. Date General Journal Debit Credit Jun. 28, 2022 Journal entry worksheet Write off the remaining amounts owed from services provided in 2021. Note: Enter debits before credits. Date General Journal Debit Credit Sep. 13, 2022 Journal entry worksheet Receive $40,500 from customers for services provided in 2022. Note: Enter debits before credits. Date General Journal Debit Credit Oct. 5, 2022 Journal entry worksheet Estimate that 25% of uncollected accounts will not be received. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31, 2022

The following events occur for Morris Engineering during 2021 and 2022, its first two years of operations. February 2, 2021 Provide services to customers on account for $32,600. July 23, 2021 Receive $22,500 from customers on account. December 31, 2021 Estimate that 25% of uncollected accounts will not be received. April 12, 2022 Provide services to customers on account for $45,600. June 28, 2022 Receive $6,000 from customers for services provided in 2021. September 13, 2022 Write off the remaining amounts owed from services provided in 2021. October 5, 2022 Receive $40,500 from customers for services provided in 2022. December 31, 2022 Estimate that 25% of uncollected accounts will not be received. Journal entry worksheet Provide services to customers on account for $32,600. Note: Enter debits before credits. Date General Journal Debit Credit Feb. 2, 2021 Journal entry worksheet Receive $22,500 from customers on account. Note: Enter debits before credits. Date General Journal Debit Credit Jul. 23, 2021 Journal entry worksheet Estimate that 25% of uncollected accounts will not be received. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31, 2021 Journal entry worksheet Provide services to customers on account for $45,600. Note: Enter debits before credits. Date General Journal Debit Credit Apr. 12, 2022 Journal entry worksheet Receive $6,000 from customers for services provided in 2021. Note: Enter debits before credits. Date General Journal Debit Credit Jun. 28, 2022 Journal entry worksheet Write off the remaining amounts owed from services provided in 2021. Note: Enter debits before credits. Date General Journal Debit Credit Sep. 13, 2022 Journal entry worksheet Receive $40,500 from customers for services provided in 2022. Note: Enter debits before credits. Date General Journal Debit Credit Oct. 5, 2022 Journal entry worksheet Estimate that 25% of uncollected accounts will not be received. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31, 2022

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

The following events occur for Morris Engineering during 2021 and 2022, its first two years of operations.

February	2,	2021	Provide services to customers on account for $32,600.
July	23,	2021	Receive $22,500 from customers on account.
December	31,	2021	Estimate that 25% of uncollected accounts will not be received.
April	12,	2022	Provide services to customers on account for $45,600.
June	28,	2022	Receive $6,000 from customers for services provided in 2021.
September	13,	2022	Write off the remaining amounts owed from services provided in 2021.
October	5,	2022	Receive $40,500 from customers for services provided in 2022.
December	31,	2022	Estimate that 25% of uncollected accounts will not be received.

Journal entry worksheet

Provide services to customers on account for $32,600.