At September 30?, 2016?, the accounts of South Terrace Medical Center (STMC?) include the?following:

Accounts Receivable	$146,000
Allowance for Bad Debts (credit balance)	3,200

During the last quarter of 2016, STMC completed the following selected? transactions:

Dec. 28	Wrote off accounts receivable as? uncollectible: Scarlett Co.?, $1,300?; Owen Reis?, $1,100?; and Rain, Inc.?, $400.
31	Recorded bad debts expense based on the aging of accounts? receivable, as? follows:

Age of Accounts

	130 Days	3160 Days	6190 Days	Over 90 Days
Accounts Receivable	$104,000	$45,000	$16,000	$1,000
Estimated percent uncollectible	0.2%	2%	20%	25%

1.	Journalize the transactions.
2.	Open the Allowance for Bad Debts? T-account, and post entries affecting that account. Keep a running balance.
3.	Show how South Terrace Medical Center should report net accounts receivable on its December 31?, 2016?, balance sheet.