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can you solve all parts please At September 30, 2018, the accounts of South Terrace Medical Center (STMC) include the following: During the last quarter
can you solve all parts please
At September 30, 2018, the accounts of South Terrace Medical Center (STMC) include the following: During the last quarter of 2018, STMC completed the following selected transactions. (Click the icon to view the transactions.) $ Accounts Receivable 140,000 4,000 Allowance for Bad Debts (credit balance) Read the requirements. Requirement 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts 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 2018 Dec. 31 Choose from any list or enter any number in the input fields and then click Check Answer Eequirement 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Joumalize nera ost to the two accounts. Begin by journalizing the tra - X Sales on account, $490.000 Requirements W Date Aca 2018 1. Dec. 31 Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts Show how South Terrace Medical Center should report net accounts receivable on its December 31, 2018, balance sheet. 3 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts Clear All Check Answer remaining i More Info Na un Sales on account, $490,000. Ignore Cost of Goods Sold. Collections on account, $389,250 Wrote off accounts receivable as uncollectible: Stellar Co., $1,900: Oscar Waters, $1,000; and Plunkett, Inc., $450. Recorded bad debts expense based on the aging of accounts receivable, as follows: Age of Accounts Accounts Receivable Estimated percent uncollectible 1-30 Days 31-60 Days 61-90 Days Over 90 Days $ 95.000 S 44,000 $ 15,000 $ 82,400 0.2% 2% 2096 25% Print DoneStep by Step Solution
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