Question: The following events occur for Morris Engineering during 2012 and 2013, its first two years of operations.

February 2, 2012 Provide services to customers on account for $32,000.

July 23, 2012 Receive $22,000 from customers on account.

December 31, 2012 Estimate that 30% of uncollected accounts will not be received.

April 12, 2013 Provide services to customers on account for $45,000.

June 28, 2013 Receive $6,000 from customers for services provided in 2012.

September 13, 2013 Write off the remaining amounts owed from services provided in 2012.

October 5, 2013 Receive $40,000 from customers for services provided in 2013.

December 31, 2013 Estimate that 30% of uncollected 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 2012 and 2013.