At September 30, 2024, tho accounts of Park Terrace Medical Center (PTMC) include the During the last quarter of 2024, PTMC complesed the following solected transactions: following: (Click the icon to view the transactions) Rend the requirements. Requirement 1. Open T-accounts for Accounts Receivable and Alawance for Bad Debts. Journalize the transactions (omit oxplanaticns) and post to the two accounts. Begin by joumalzing the transactions, (Record debits first, then credits. Exdude explanations from joumal entrios.) Snles on account, $460,000. Ignore Cost of Goods Sold. More info - Sales on aocount, $460,000. Ignore Cost of Goods Sold. - Collections on account, $426,400 - Wrote off accounts receivable as uncollectible: Sapphire Co., $1,000; Orville Williams, $750; and Plunkett, Inc., $650. - Recorded bad debts expense based on the aging of accounts receivable, as follows: Requirements 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Joumalize 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