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Rakhi Vasavada
Rakhi Vasavada, Financial and Legal Consultant
Category: Finance
Satisfied Customers: 2583
Experience:  Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
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Can you help me with this Entry journal? September 17, 2015 Receive $23,500 from

Customer Question

Hello, can you help me with this Entry journal?
September 17, 2015 Receive $23,500 from customers on account.
December 31, 2015 Estimate that 45% of accounts receivable at the end of the year will not be received.
March 4, 2016 Provide services to customers on account for $54,200.
May 20, 2016 Receive $10,000 from customers for services provided in 2015.
July 2, 2016 Write off the remaining amounts owed from services provided in 2015.
October 19, 2016 Receive $43,500 from customers for services provided in 2016.
December 31, 2016 Estimate that 45% of accounts receivable at the end of the year will not be received.
Submitted: 1 year ago.
Category: Finance
Customer: replied 1 year ago.
The following events occur for The Underwood Corporation during 2015 and 2016, its first two years of operations.September 17, 2015 Receive $23,500 from customers on account.
December 31, 2015 Estimate that 45% of accounts receivable at the end of the year will not be received.
March 4, 2016 Provide services to customers on account for $54,200.
May 20, 2016 Receive $10,000 from customers for services provided in 2015.
July 2, 2016 Write off the remaining amounts owed from services provided in 2015.
October 19, 2016 Receive $43,500 from customers for services provided in 2016.
December 31, 2016 Estimate that 45% of accounts receivable at the end of the year will not be received.
Expert:  Shawn P Adamo replied 1 year ago.
Hello. My specialty is focusing on YOUR Financial needs. Financial Planner/Business Owner for 20 years. CPA,PFS,QFP,GMMA.when do you need this by?