At September 30, 2024 , the accounts of Pak Terrace Medical Center (PTMC) include the following: Duning the last quarter of 2024 , PTUC corrpleted the following selected transaceons- [Cick the icon to view the trarsacconsi] Pets the tsouremants. Requirement 1. Open Taccounss for Accounts Receivable and Atowance for Basd Debts, Journalize the trananctions (omt explarations) and post to the two accouncs Begin by foumnicing the transactions. (Recotd debats frst, than ciedes. Exclide emplanatons tion joumal entries) Sales on account, 1290.000. lonate Cost of Goods Sidi. Collectiom on ascount, s3e9 790 Recorded bad debts expense based on the aging of accounts receivable Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Post the transactions to the two accounts. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Post the transactions to the two accounts. Read the requigements. 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 Park Terrace Medical Center should report net accounts receivable on its December 31,2024 , balance sheet. More info - Sales on account, $490,000. Ignore Cost of Goods Sold. - Collections on account, $389,250 - Wrote off accounts receivable as uncollectible: Sapphire Co., $1,200; Oliver Welch, $1,300; and Paradise, Inc., $550. - Recorded bad debts expense based on the aging of accounts receivable, as follows