More Info 39 X Requirements 0; ar Cre 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts. 3. Show how Mountain Terrace Medical Center should report net accounts receivable on its December 31, 2018, balance sheet. Print Done Credit Print Done G 122 - 1000 Summer 2021 Homework: Chapter 9 Assignment Part 4 of 6 Question 4 Score: 7.44 of 20 points September 30, 2018, the accounts of Mountain Terrace Medical Center (MTMC) include the following 148,000 4,000 counts Recevable Howance for Bad Debts (credit balance) $ During the last quarter of 2018, MTMC completed the following som Click the icon to view the transactions.) Read the recomenta Debit Credit Dato Accounts and Explanation 2018 Dec 31 Cash Accounts Receivable 391,200 More Info 391 200 Wrote of accounts receivable as uncollectible: Roho Co., 51,000; Omar Smith, 5050, and Rain. In Date Accounts and Explanation Debit Credit Sales on account. $430,000. Ignore Cost of Goods Sold - Collections on account, $391,200 Wrote of accounts receivable as uncollectible: Roho Co $1,900: Omar Smith, $950, and Rain, Inc., $450 Recorded bad debis expense based on the aging of accounts receivable, as follows: 2018 Dec 31 3.300 1.900 Allowance for Bad Debt Accounts Receivable-Roho Co. Accounts Receivable Omar Smith Accounts Roonivable Rain Age of Accounts 1-30 Days 31-60 Days 61-90 Days Over 90 Days 5 96.000 5 37,000 5 13,000 $ 35,500 0.2% 2% 20% 25% 950 450 Accounts Receivable Estimated percent uncollectible Credit Recorded bad debts expense based on the aging of accounts receivable Date Accounts and Explanation Debit 2018 Dec 31 Bad Debts Experte 13435 Allowance for Bad Debts Print Done Choose from any list or enter any number in the input fields and then click Check Antwer Help Me Solve This Video Calculator