At September 30, 2018, the accounts of West Terrace Medical Center (WTMC) include the following: During the last quarter of 2018, WTMC completed the following selected transactions (Click the icon to view the transactions.) $ Accounts Receivable Allowance for Bad Debts (credit balance) 140,000 3.300 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 journal entries.) Sales on account, $500,000. Ignore Cost of Goods Sold. Accounts and Explanation Date Debit Credit 2018 Dec. 31 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts. Show how West Terrace Medical Center should report net accounts receivable on its December 31, 2018, balance sheet. 3