At September 30, 2024, the accounts of West Terrace Medical Center (WTMC) include the following: During the last (Click the $ 142,000 Accounts Receivable Allowance for Bad Debts (credit balance) 3,300 Read the requ Requirement 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two ac Begin by journalizing the transactions. (Record debits first, then credits. Exclude explanations from journal entries.) Sales on account, $490,000. Ignore Cost of Goods Sold. Date Accounts and Explanation Debit Credit 2024 Dec. 31 Collections on account, $410,260 Date Accounts and Explanation Debit Credit 2024 Dec. 31 Wrote off accounts receivable as uncollectible: Sapphire Co., $1,200; Orville Williams, $750, and Parker, Inc., $850. At September 30, 2024, the accounts of West Terrace Medical Center (WTMC) include the following: $ Accounts Receivable Allowance for Bad Debts (credit balance) 142,000 3,300 Date Accounts and Explanation Debit Credit 2024 Dec. 31 Recorded bad debts expense based on the aging of accounts receivable Date Accounts and Explanation Debit Credit 2024 Dec. 31 Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Post the transactions to the two accou Accounts Receivable Choose from any list or enter any number in the input fields and then continue to the next question. At September 30, 2024, the accounts of West Terrace Medical Center (WTMC) include the following: $ Accounts Receivable Allowance for Bad Debts (credit balance) 142,000 3,300 Date Accounts and Explanation Debit Credit 2024 Dec. 31 Recorded bad debts expense based on the aging of accounts receivable Date Accounts and Explanation Debit Credit 2024 Dec. 31 Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Post the transactions to the two accou Accounts Receivable Choose from any list or enter any number in the input fields and then continue to the next question. At September 30, 2024, the accounts of West Terrace Medical Center (WTMC) include the following: $ Accounts Receivable Allowance for Bad Debts (credit balance) 142,000 3,300 Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Post the transactions to the two accounts. Accounts Receivable Allowance for Bad Debts Requirement 2. Show how West Terrace Medical Center should report net accounts receivable on its December 31, 2024, balance sheet. Balance Sheet (Partial): Current Assets: Choose from any list or enter any number in the input fields and then continue to the next question. More Info - Sales on account, $490,000. Ignore Cost of Goods Sold. Collections on account, $410,260 Wrote off accounts receivable as uncollectible: Sapphire Co., $1,200; Orville Williams, $750; and Parker, Inc., $850. Recorded bad debts expense based on the aging of accounts receivable, as follows: ec Age of Accounts 1-30 Days 3160 Days 6190 Days Over 90 Days $ 103,000 $ 36,000 $ 13,000 $ 66,940 0.3% 3% 30% 35% Accounts Receivable Estimated percent uncollectible Print Done he
