At

SeptemberSeptember

3030,

20182018,

the accounts of

West Terrace Medical CenterWest Terrace Medical Center

(WTMCWTMC)

include the following:

Accounts Receivable	$146,000
Allowance for Bad Debts (credit balance)	3,800

During the last

quarter of 2018quarter of 2018,

WTMCWTMC

completed the following selected transactions:

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

West Terrace Medical CenterWest Terrace Medical Center

should report net accounts receivable on its

DecemberDecember

3131,

20182018,

balance sheet.

Sales on account, $ 420 comma 000$420,000. Ignore Cost of Goods Sold.
bullet	Collections on account, $ 391 comma 200$391,200
bullet	Wrote off accounts receivable as uncollectible: Silver comma Co.Silver, Co., $ 1 comma 600$1,600; Oliver JonesOliver Jones, $ 1 comma 200$1,200; and Plunkett comma Inc.Plunkett, Inc., $ 300$300.
bullet	Recorded bad debts expense based on the aging of accounts receivable, as follows:

	Age of Accounts
	130 Days	3160 Days	6190 Days	Over 90 Days
Accounts Receivable	$101,000	$37,000	$18,000	$15,700
Estimated percent uncollectible	0.2%	2%	20%	25%

.

During the 2018 W C e n t s and and to that To for Accounts Recent Aloe ouaithe ) Bad D Requirem Begin by C the Record s Cost of Good h Show how Weter Metal C S apot Account Dela Credit 1 Moreno Sales R$40.000 e Cost of Good Sold Collection sont 5391 200 We ofrec e 51.600 One 200 and Collection 5991200 Recorded bad deep based on the correc o Explor 5 570 Wrote off accounts receivable as uncollectible: Silver, Co. $1,600; Oliver Jones, $1,200, and Plunkett, Inc. $300 Credit Date Accounts and Explanation Debit 2018 Dec. 31 Recorded bad debts expense based on the aging of accounts receivable Date Accounts and Explanation Debit Credit 2018 Dec 31 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 Accounts Receivable Allowance for Bad Debts Requirement 2. Show how West Terrace Medical Center should report net accounts receivable on its December 31, 2018, 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