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i More Info - Sales on account, $400.000. Ignore Cost of Goods Sold. . Collections on account. $391,200 Wrote off accounts receivable as uncollectible: Silver, Co., $1.200: Oliver Welch, $1.400; and Pristine, Inc., $400. 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 $ 96,000 S 36.000 S 17,000 $ 800 0.29 2% 2096 25 Print Done Al September 30, 2018, the accounts of Park Terrace Medical Center (PTMC) include the TC. following Accounts Receivable coounts Receivable $ 144,000 144,000 Allowance for Bad Debts (credit balance 3.000 Puring the last quarter of 2018. PTC completed the following selected transactions Click the icon to view the transactions) 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 $400,000. Ignore Cost of Goods Sold Date Accounts and explanation Debit Debit Cre Credit 2018 Dec. 31 Choose from any list or enter any num e input fields and then continue to the next question euumis on account, $391,200 Date Accounts and Explanation Debit Credit 2018 Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next question. At September 30, 2018, the accounts of Park Terrace Medical Center (PTMC) include the following: During the las i (Click the Accounts Receivable Allowance for Bad Debts (credit balance) 144,000 3,600 Read the regg Wrote off accounts receivable as uncollectible: Silver, Co., $1.200: Oliver Welch, $1,400; and Pristine, Inc., $400. Date Accounts and Explanation Debit Credit 2018 Dec. 31 Recorded bad debts expense based on the aging of accounts receivable Choose from any list or enter any number in the input fields and then continue to the next question Recorded bad debts expense based on the aging of accounts receivable Accounts and Explanation Credit Open accounts for Accounts Receivable and allowance for Bad Debts Post the transactions to the two al Choose from any list or enter any number in the input fields and then continue to the next question Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Post the transactions to the two accounts Accounts Receivable Allowance for Bad Debts Choose from any list or enter any number in the input fields and then continue to the next question. Allowance for Bad Debts Requirement 2. Show how Park Terrace Medical Center should report net accounts receivable on its December 31, 2018, balance sheet Balance Sheet (Partial): Current ASE Choose from any list or enter any number in the input fields and then continue to the next question Requirement 2. Show how Park 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