Accounting for uncollectible accounts using the allowance method (aging-of-receivables), and reporting receivable in the balance sheet

At September 30, 2014, the accounts of Mountain Terrace Medical Center (MTMC) include the following:

Hint: (Allowance CR Bal $11,551 at Dec 31, 2014)

Accounts Receivable $145,000

Allowance for Bad Debts (credit balance) $3,500

During the last quarter of 2014, MTMC completed the following selected transactions:

Dec 28 Wrote off accounts receivable as uncollectible: Regan, Co., $1,300; Owen Mac,

$900; and Rain, Inc., $700

Dec 31 Recorded bad debts expense based on the aging of accounts receivable, as

Follows:

Age of Accounts

Accounts Receivables 1-30 Days 31-60 Days 61-90 Days Over 90 Days

$165,000 $97,000 $37,000 $14,000 $17,000

Estimated percent uncollectible 0.3% 3% 30% 35%

Requirements:

1. Journalize the transactions.

2. Open the Allowance for Bad Debts T-accounts, and post entries affecting that account. Keep a running balance.

3. Show how Mountain Terrace Medical Center should report net accounts receivable on its December 31, 2014, balance sheet.

I have most of the problem finish but I am not feeling too confident on my journals so I wanted to compare my journals, T-accounts and the balance sheet I am a little confuse.