At September 30, 2024, the accounts of East Terrace Medical Center (ETMC) include the following:

Accounts Receivable

$

140.000

Allowance for Bad Debts (credit balance)

4.000

During the last quarter of 2024, ETMC completed the following selected transactions:

(Click the icon to view the transactions.)

Read the requirements.

At September 30, 2024, the accounts of East Terrace Medical Center (ETMC) include the following: Accounts Receivable $ 140,000 Allowance for Bad Debts (credit balance) 4,000 During the last quarter of 2024, ETMC completed the following selected transactions (Click the con to view the transactions) Read the requirements Requirement 1. Open T-account for Accounts Receivable and lowance for Bad Debts Journalize the transaction (omt explanations and post to the two accounts Begin by joumalizing the transactions (Record debits first, then credits Exclude explanations from Sales on account, 5430,000. Ignore Cost of Goods Sold. More Info Date Accounts and Explanation Debit Credit 2024 Sales on account, $430,000. Ignore Cost of Goods Sold Dec 31 Accounts Receivable 430.000 . Collections on account, $391,200 Wrole of accounts receivable as uncollectible: Sapphire Co. $1.200 Omar S 31,400, Sales Revenge 430,000 and Rain, Inc. 5400 Recorded bad debts expers based on the aging of accounts recevablas Age of Account Collections on account, 5391,200 1-3 Days 310 Days 61-10 Days Our Days Date Accounts and Explanation Debi Credit Accounts Receivable $ 98,000 $ 35,000 $ 15,000 $ 2700 0.3% Estimated percent collectible 34 35% 2024 391,200 Dec 31 Cush 391 200 Accounts Receivable Requirements Wrote of accounts receivable as uncollectible: Sapphire Co., $1,200. Omar Smith, 31400, and Rol Date Accounts and Explanation Dell Credit 1. Open Taccounts for Accounts Recevable and Awance for Bad Det Journalize the transactions (omt eplanations and post to the two accounts 3 Show how East Terrace Medical Center should report net account recevable on its December 31, 2024, sheet