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 $38,000. July   23,   2021   Receive $27,000 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 $51,000. 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 $45,000 from customers for services provided in 2022. December   31,   2022   Estimate that 25% of uncollected accounts will not be received.   Record transactions for each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)            1)Provide services to customers on account for $38,000.   2)Receive $27,000 from customers on account.   3)Estimate that 25% of uncollected accounts will not be received.   4)Provide services to customers on account for $51,000.   5)Receive $6,000 from customers for services provided in 2021.   6)Write off the remaining amounts owed from services provided in 2021.   7)Receive $45,000 from customers for services provided in 2022.   8)Estimate that 25% of uncollected accounts will not be received.

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The following transactions occurred during December 31, 2021, for the Microchip Company.  On October 1, 2021, Microchip lent $90,000 to another company. A note was signed with principal and 8% interest to be paid on September 30, 2022. On November 1, 2021, the company paid its landlord $6,000 representing rent for the months of November through January. Prepaid rent was debited. On August 1, 2021, collected $12,000 in advance rent from another company that is renting a portion of Microchip’s factory. The $12,000 represents one year’s rent and the entire amount was credited to deferred rent revenue. Depreciation on office equipment is $4,500 for the year. Vacation pay for the year that had been earned by employees but not paid to them or recorded is $8,000. The company records vacation pay as salaries expense. Microchip began the year with $2,000 in its asset account, supplies. During the year, $6,500 in supplies were purchased and debited to supplies. At year-end, supplies costing…