At September 30, 2018, the accounts of South Terrace Medical Center (STMC) include the following:

Accounts Receivable	$ 143,000
Allowance for Bad Debts (credit Balance)	4,000

During the last quarter of 2018, STMC completed the following selected transactions:

-Sales on account, $500,000. Ignore Cost of Goods Sold.

-Collections on account, $432,700

-Wrote off accounts receivable as uncollectible: Raja Co., $1,800; Omar Smith, $1,200; and Pogo, Inc., $800.

-Recorded bad debts expense based on the aging of accounts receivable, as follows:

	age	of	account	s
	1-30 Days	31-60 days	61-90 days	over 90 days
accounts receivable	$ 102,000	36,000	17,000	51,500
estimated % uncollectible	0.3%	3%	30%	35%

Requirements:

1.	Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts.
3.	Show how South Terrace Medical Center should report net accounts receivable on its December 31, 2018 balance sheet