At September 30, 2018. the accounts of South Terrace Medical Center (STMC) include the following: During the last quarter of 2018, STMC completed the following selected transactions: (Click the icon to view the transactions.) Accounts Receivable $ 145,000 Allowance for Bad Debts (credit balance) 3.600 Read the requirements. 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 - X More Info Sales on account, $480,000. Ignore Cost of Goods Sold. Date Accounts and Explanation Debit Credit 2018 Dec 31 Accounts Receivable 480,000 Sales Revenue 480.000 Sales on account, $480,000. Ignore Cost of Goods Sold. Collections on account, $432,700 Wrote off accounts receivable as uncollectible Rouge Co., $1.200: Oscar Weiss, $700: and Parker, Inc., $800. Recorded bad debts expense based on the aging of accounts receivable, as follows: Age of Accounts Collections on account, $422.700 Date Accounts and Explanation Debit Credit Accounts Receivable 1-30 Days 31-50 Days 6190 Days Over 90 Days 5 105.000 $ 25.000 s 18.000 $ 31,800 0.396 296 3096 35% 2018 Estimated percent uncollectible Dash 432.700 Dec. 31 Accounts Receivable 432,700 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. im At September 30, 2018, the accounts of South Terrace Medical Center (STMC) include the following: $ 145.000 Accounts Receivable 3,800 Allowance for Bad Debts (credit balance) Wrote off accounts receivable as uncollectible: Rouge Co., $1,200; Oscar Weiss, $700; and Parker, Inc., $600. Debit Credit Date Accounts and Explanation PE M 2018 2,500 Dec. 31 Allowance for Bad Debts 1,200 700 Accounts Receivable Rouge Co. Accounts Receivable Oscar Weiss Accounts Receivable Parker Inc. Sale 600 Coll- Wro Park Rec Recorded bad debts expense based on the aging of accounts receivable Date Accounts and Explanation Debit Credit 2018 16.795 Dec. 31 Bad Debts Expense Allowance for Bad Debts 16,795 Accou Estima Onen Tonnnuntc for Annunc Percivala and Allowance for an nohte Pact the transactions to tH Choose from any list or enter any number in the input fields and then click Check Answer. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Post the transactions to t Accounts Receivable Adj. Bad debt Collections Net credit sales - Sep. 30 Bal. Write-offs Allowance for Bad Debts Chosen from any list or enter any number in the input fields and then click Check Answer Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Joumalize the transactions (omit explanations) and post to the two accounts Show how South Terrace Medical Center should report net accounts receivable on its December 31, 2018, balance sheet. Print Done