Learning Objective 3 counting for uncollectible accounts using the allowance method aging-of-receivables) and reporting receivables on the balance sheet At December 31, 2018, the Accounts Receivable balance of GPS Technology is $200,000. The Allowance for Bad Debts account has a $24,110 debit balance. GPS echnology prepares the following aging schedule for its accounts receivable: 2. Allowance CR Bal. $25,360 Accounts Receivable Estimated percent uncollectible 1-30 Days $ 65,000 0.4% Age of Accounts 31-60 Days 61-90 Days Over 90 Days $50,000 $40,000 $ 45,000 3.0% 5.0% 48.0% 9-20 Requirements Journalize the transactions. Open the Allowance for Bad Debts T-account, and post entries affecting that account. Keep a running balance. Show how Park Terrace Medical Center should report net accounts receivable on its December 31, 2016, balance sheet