Homework: Problem 8-29A Score: 0 of 10 pts 1 of 1 (0 complete) HW Score: 0%, 0 of 10 pts P8-29A (similar to) At September 30, 2018, the accounts of Park Terrace Medical Center (PTMC) During the last quarter of 2018, PTMC completed the following E Question Help include the following Accounts Receivable Allowance for Bad Debts (credit balance) Requirement 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two selected transactions (Click the icon to view the transactions) 145,000 3,400 Read the requirements accounts Begin by journalizing the transactions. (Record debits first, then credits. Exclude explanations from journal entries.) Sales on account, $500,000. Ignore Cost of Goods Sold Debit Credit Date 2018 Dec. 31 Accounts and Explanation Choose from any list or enter any number in the input fields and then click Check Answer parts remaining Clear All Check Answer Requirements Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the 1. two accounts. Show how Park Terrace Medical Center should report net accounts receivable on its December 31, 2018, balance sheet. 3. Print Done i More Into Sales on account, $500,000. Ignore Cost of Goods Sold . Collections on account, $374,100 Wrote off accounts receivable as uncollectible: Rouge Co., $1,100; Oscar Weiss, $1,300, and Rain, Inc., $600. e Recorded bad debts expense based on the aging of accounts receivable, as follows: Age of Accounts 1-30 Days 31-60 Days 61-90 DaysOver 90 Days $ 98,000 S41,000 S18,000 S110,900 Accounts Receivable Estimated percent uncollectible 0.2% 2% 20% 2596 | Print Done