At September 30, 2018, the accounts of Mountain Terrace Medical Center (MTMC) include the During the last quarter of 2018, MTMC completed the following selected transactions: (Click the icon to view the transactions) Read the requirements Accounts Receivable $ 146,000 3,700 Allowance for Bad Debts (credit balance) Requirement 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts. Begin by journalizing the transactions. (Record debits first, then credits. Exclude explanations from journal entries.) Sales on account, $460,000. Ignore Cost of Goods Sold. Accounts and Explanation Debit Credit 2018 Dec. 31 Accounts Receivable 460,000 Sales Revenue 460,000 Requirements Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts. Show how Mountain Terrace Medical Center should report net accounts receivable on its December 31, 2018, balance sheet. 1. 3. open-accounts Tor Accounts Receivable and Allowance Tor Bad Deots. Posttne transactions ne Two accounts Accounts Receivable Allowance for Bad Debts Requirement 2. Show how Mountain Terrace Medical Center should report net accounts receivable on its December 31, 2018, balance sheet. Balance Sheet (Partial): Current Assets: Accounts Receivable Less: Allowance for Bad Debts