At September 30, 2016, the accounts of Green Terrace Medical Center (GTMC) include the following Accounts Receivable Alowance for Bad Debts (credit balance) 143,000 3,500 During the last quarter of 2016, GTMC completed the following selected actions (Click the icon to view the transactions) Read the rarements Requirement 1. Journalize the transactions. (Record debits first, then, credts Select the explanation on the last line of the journal entry lable) Dec. 28: Wrote off accounts receivable as uncollectible Regan, Co. $1,300: Oscar Waters, $900; and Parrot Company $700 Date Accounts and Explanation 2016 Alowance for Bad Debts Dec 29 Accounts Receivable-Oscar Waters Accounts Receivable-Parrot Company Debit Credit 2,000 900 700 1,300 Accounts Receivable-Regan, Co Wrote off uncobecsible accounts Dec. 31: Recorded bat debts expense based on the aging of accounts receivable Date Accounts and Explanation 2016 Bad Debes Expense Dec. 31 Allowance for Bad Debts Debit Credit 7,514 7,514 Requirements 1. Journalize the transactions 2. Open the Alowance for Bad Debts T-account, and post entries affecting that account. Keep a running balance 3. Show how Green Tamace Medical Center should report net accounts receivable on its December 31, 2015, balance sheet Print Done Recorded bad debt expense for the pend Requirement 2. Open the Alowance for Bad Debts T-account, and post entries affecting that account. Keep a running balance (Ender the September 30 balance and post the December 20 artry on the first line of the act Cate uneused barance on the second line of the account. Then post the December 31 adding entry on the thin line and calculate the December 31 actuated balance on the last line of the account Allowance for Bad Debts docs example Get more help Clear all Check answer