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.) $ Accounts Receivable Allowance for Bad Debts (credit balance) 141,000 3,300 Read the requirements Requirement 1. Journalize the transactions. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Dec. 28: Wrote off accounts receivable as uncollectible: Sapphire, Co., $1,100; Oliver Welch, $1,000; and Patterson Company $800. Date Accounts and Explanation Debit Credit 2016 - X Dec. 28 * Requirements 1. 2. * More Info - X Journalize the transactions. Open the Allowance for Bad Debts T-account, and post entries affecting that account. Keep a running balance. Show how Green Terrace Medical Center should report net accounts receivable on its December 31, 2016, balance sheet. 3. Credit Dec 31: Recorded bad debts expense based on the aging of accounts receivable Date Accounts and Explanation Debit 2016 Dec. 31 Dec. 28 Wrote off accounts receivable as uncollectible: Sapphire, Co., $1,100; Oliver Welch, $1,000, and Patterson Company $800. 31 Recorded bad debts expense based on the aging of accounts receivable, as follows: Print Done Age of Accounts 1-30 Days 31-60 Days 61-90 Days Over 90 Days $ 98,000 $ 44,000 $ 16,000 S 3,000 0.3% 3% 30% 35% Accounts Receivable Estimated percent uncollectible Requirement 2. Open the Allowance for Bad Debts T-account, and post entries affecting that account. Keep a running balance. account and calculate the December 31 adjusted balance on the last line of the account.) unadjusted balance on the second line of the account. Then post the December 31 adjusting entry on the third line of the Allowance for Bad Debts Print Done Requirement 3. Show how Green Terrace Medical Center should report net accounts receivable on its December 31, 2016, balance sheet. (Ignore the Accounts Receivable balance given as of September 30, 2016 when preparing the partial balance sheet at December 31, 2016 below.) Balance Sheet (Partial): Current Assets