Al September 30, 2024, the accounts of Mountain Terrace Medical Center (MTMC) include the During the last quarter of 2024, MTMC completed the following selected transactions: following: (Click the icon to view the transactions) Accounts Receivable $ 142,000 Allowance for Bad Debts (credit balance) More Info 3.000 0 Revenue Collections on account, $432,700 Date Accounts and Explanation Debit Credit Sales on account $480,000. Ignore Cost of Goods Sold Collections on account, $432,700 Wrote of accounts receivable as uncollectible: Sapphire Co., $1,000; Owen Wilson, $1,400 and Placid, Inc. $300 Recorded bad debts expense based on the aging of accounts receivable, as follows: 2024 Dec. 31 Age of Accounts 1-30 Days 31-60 Days 61-90 Days Over 90 Days $ 102,000 $ 37.000 5 17.000 S 30.600 0.2% 20% 25% Wrote of accounts receivable as uncollectible: Sapphire Co., $1,000; Owen Wilson, $1,400 Date Accounts and Explanation Debit Credit Accounts Receivable Estimated percent uncollectible