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At September 30, 2016, the accounts of Green Terrace Medical Center (GTMC) include the following: During the last quarter of 2016, GTMC completed the following
At September 30, 2016, the accounts of Green Terrace Medical Center (GTMC) include the following: During the last quarter of 2016, GTMC completed the following selected transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Joumalize the transactions. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Dec. 28: Wrote off accounts recelvable as uncollectible: Regan, Co., $1,300; Oscar Waters, $900; and Parrot Company $700. Requirements 1. Joumalize the transactions. 2. Open the Allowance for Bad Debts T-account, and post entries affecting that account. Keep a running balance. 3. Show how Green Terrace Medical Center should report net accounts Dec. 31: Recorded bad debts expense based on the aging of accounts receivable receivable on its Decernber 31, 2016, balance sheet. At September 30, 2016, the accounts of Green Terrace Medical Center (GTMC) include the following: During the last quarter of 2016, GTMC completed the following selected transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Joumalize the transactions. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Dec. 28: Wrote off accounts recelvable as uncollectible: Regan, Co., $1,300; Oscar Waters, $900; and Parrot Company $700. Requirements 1. Joumalize the transactions. 2. Open the Allowance for Bad Debts T-account, and post entries affecting that account. Keep a running balance. 3. Show how Green Terrace Medical Center should report net accounts Dec. 31: Recorded bad debts expense based on the aging of accounts receivable receivable on its Decernber 31, 2016, balance sheet
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