More Info - Sales on account, $480,000. Ignore Cost of Goods Sold. Collections on account, $432,700 Wrote off accounts receivable as uncollectible: Rouge Co., $1.200: Oscar Weiss, $700; and Parker, Inc., S600. Recorded bad debts expense based on the aging of accounts receivable, as follows: Age of Accounts 1-30 Days 31-60 Days 61-90 Days Over 90 Days Accounts Receivable $ 105,000 $ 85.000 S 18,000 $ 01 800 Estimated percent uncollectible 0.396 226 2096 ( 0696 Print Done At September 30, 2018, the accounts of South Terrace Medical Center (STMC) include the following: During the last quarter of 2018. STMC completed the following selected transactions: (Click the icon to view the transactions) Accounts Receivable $ 145,000 Allowance for Bad Debts (credit balance) 3.600 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 joumalizing the transactions. (Record debits first, then credits. Exclude explanations from journal entries.) Sales on account, $480,000. Ignore Cost of Goods Sold. - X Requirements Date Accounts and Explanation Debit Credit 2018 Dec. 31 Open T-accounts for Accounts Receivable and Allowance for Sad Debts. Journalize the transactions (omit explanations) and post to the two accounts. Show how South Terrace Medical Center should report net accounts receivable on its December 31, 2018. balance sheet. Print Done