1) Accounting for uncollectible accounts using the allowance method (aging-ofreceivables) and reporting receivables on the balance sheet. () At September 30, 2018, the accounts of Roxbury Medical Center (RMC) include the following: During the last quarter of 2018, RMC completed the following selected transactions: - Sales on account, $465,000. Ignore Cost of Goods Sold. - Collections on account, $441,800. - Wrote off accounts receivable as uncollectible: Jenkins, Co., $1,900; Sony, $800; and Smith, Inc., $500 - Recorded bad debts expense based on the aging of accounts receivable, as follows: Requirements 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts. 2. Show how Roxbury Medical Center should report net accounts receivable on its December 31,2018 , balance sheet. SOLUTION Requirement 1