2 of 7 (0 complete) Score: 0 of 1 pt P9-28A (similar to) At September 30, 2016, the accounts of South Terrace Medical Center (STMC) include the following: During the last quarter of 2016, STMC completed the following selected transactions: (Click the icon to view the transactions.) $ 145,000 Accounts Receivable Allowance for Bad Debts (credit balance) 3,300 Read the requirements Requirement 1. Journalize the transactions. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Dec. 28: Wrote off accounts receivable as uncollectible: Sapphire. Co.. $1,100: Oscar Waters, $1.300: and Patterson Company $400. Date Accounts and Explanation Debit Credit 2016 Dec. 28 i Requirements 1. 2. Journalize the transactions. Open the Allowance for Bad Debts T-account, and post entries affecting that account. Keep a running balance. Show how South Terrace Medical Center should report net accounts receivable on its December 31, 2016. balance sheet. 3. - X More Info Print Done Dec. 28 Wrote off accounts receivable as uncollectible: Sapphire, Co., $1,100: Oscar Waters, $1,300: and Patterson Company $400. 31 Recorded bad debts expense based on the aging of accounts receivable, as follows: Age of Accounts Accounts Receivable 1-30 Days 31-60 Days 61-90 Days Over 90 Days S 101.000 $ 35,000 $ 16,000 $ 13,000 0.3% 3% 30% 35% Estimated percent uncollectible Print Done