Al September 30, 2018, the accounts of Mountain Terrace Medical Center (MTMC) include the following: Accounts Receivable $ 142.000 Allowance for Bad Debts (credit balance) 4,000 During the last quarter of 2018, MTMC completed the following selected transactions (Click the icon to view the transactions Read the resuirements Requirement 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omt explanations) and post to the two accounts Begin by joumaizing the transactions. (Racord debits first, then crudita. Exclude explanations from journal entrus.) Sales on account. $470,000. Ignore Cost of Goods Sold Accounts and Explanation Debit Credit 2018 Dec 31 Date i More Info Sales on account, $470,000. Ignore Cost of Goods Sold. Collections on account, $405,100 Wrote off accounts receivable as uncollectible: Roho Co., $1,100; Omar Smith, $1,400; and Rain, Inc., $500. 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 $ 103,000 $ 36,000 $ 18,000 $ 46,900 0.3% 3% 30% 35% Estimated percent uncollectible Print Done 1 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 Mountain Terrace Medical Center should report net accounts receivable on its December 31, 2018, balance sheet. 3. Print Done Print Done