Duing the last quarter of 2024. NTMC completed the following selected transactions (Click the icon to siow the transactions) Read the tequirements Requirement 1. Joumalive the fransactions fomit explanations). The T-acoounts for Accounts Receivable and Allowance for Bad Debts have been opened for you. Pest the transactions to the twe T-accounts Hegin by joumalizing the transactions. (Recond debis finst then credis. Exolude explanalions from journal entries) Sales on account, 5440,000 tgnore Cost of Goods Sold Collections on account, 5335200 Wrote off accounts receivable as uncolloctble. Sover, Co, 51,500 ; OFver Welch, $1,200; and Paradive, Inc, $300. Recorded bad debts experse based on the aging of accounts receivable The T-accounts for Accounts Receivable and Allowance for Bad Debts have been opened for you. Enter the opening balances, post the transactions to the two T-accounts, and calculate the ending balances for each account. Use the appropriate posting references for all balances and transactions. Requirement 2. Show how North Terrace Medical Center should report net accounts receivable on its December 31, 2024, balance sheet More info - Sales on account, $440.000. Ignore Cost of Goods Sold. - Collections on account, $335,200 - Wrote off accounts receivable as uncollectible: Silver, Co,$1,500; Oliver Welch, $1,200; and Paradise, Inc., $300. - Recorded bad debts expense based on the aging of accounts receivable, as follows