The following events occur for the underwood corporation

Reference no: EM13603506

The following events occur for The Underwood Corporation during 2012 and 2013, its first two years of operations.

June 12, 2012 Provide services to customers on account for $36,900.
September 17, 2012 Receive $11,000 from customers on account.
December 31, 2012 Estimate that 30% of accounts receivable at the end of the year will not be received.
March 4, 2013 Provide services to customers on account for $69,000.
May 20, 2013 Receive $19,500 from customers for services provided in 2012.
July 2, 2013 Write off the remaining amounts owed from services provided in 2012.
October 19, 2013 Receive $15,400 from customers for services provided in 2013.
December 31, 2013 Estimate that 45% of accounts receivable at the end of the year will not be received.

Given this, I need help with finding the answer to the last one, which is on December 31, 2013 - Estimate that 45% of accounts receivable at the end of the year will not be received.

Reference no: EM13603506

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