A More Info Sales on account, $420,000. Ignore Cost of Goods Sold. Collections on account, $374,100 Wrote off accounts receivable as uncollectible: Roho Co., $1,800; Owen Wilson, $900; and Paradise, Inc., $500. Recorded bad debts expense based on the aging of accounts receivable, as follows: Age of Accounts Accounts Receivable Estimated percent uncollectible 1-30 Days 31-60 Days 6190 Days Over 90 Days $ 95,000 $ 43,000 $ 16,000 $ 32,700 0.2% 2% 20% 25% A Requirements - x 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts. Show how West Terrace Medical Center should report net accounts receivable on its December 31, 2018, balance sheet. Print Print [Done Done At September 30, 2018, the accounts of West Terrace Medical Center (WTMC) include the following: During the last quarter of 2018, WTMC completed the following selected transactions: (Click the icon to view the transactions.) $ Accounts Receivable Allowance for Bad Debts (credit balance) 144,000 3,900 Read the requirements. Requirement 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts. Begin by journalizing the transactions. (Record debits first, then credits. Exclude explanations from journal entries.) Sales on account, $420,000. Ignore Cost of Goods Sold. Date Accounts and Explanation Debit Credit 2018 Dec. 31 Collections on account, $374,100 Date Accounts and Explanation Debit Credit 2018 Dec. 31 Wrote off accounts receivable as uncollectible: Roho Co., $1,800; Owen Wilson, $900; and Paradise, Inc., $500. Date Accounts and Explanation Debit Credit 2018 Dec. 31 Recorded bad debts expense based on the aging of accounts receivable Date Accounts and Explanation Debit Credit 2018 Dec. 31 Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Post the transactions to the two accounts. Accounts Receivable Allowance for Bad Debts Requirement 2. Show how West Terrace Medical Center should report net accounts receivable on its December 31, 2018, balance sheet. Balance Sheet (Partial): Current Assets: Choose from any list or enter any number in the input fields and then continue to the next