P9-28A Accounting for uncollectible accounts using the allowance method (aging-of-receivables), and reporting receivables on the balance sheet At September 30, 2014, the accounts of Mountain Terrace Medical Center (MTMC) include the following: Accounts Receivable $ 145,000 Allowance for Bad Debts (credit balance) 3,500 During the last quarter of 2014, MTMC completed the following selected transactions: Dec. 28 Wrote off accounts receivable as uncollectible: Regan, Co., $1,300; Owen Mac, $900; and Rain, Inc., $700 31 Recorded bad debts expense based on the aging of accounts receivable, as follows: Learning Objectives 1, 2, 3 1. Bad Debts Expense $17,700 Learning Objective 3 2. Allowance CR Bal. $11,551 at Dec. 31, 2014 > ISBN 1-269-32781-X Horngren's Accounting, The Financial Chapters, Tenth Edition, by Tracie Nobles, Brenda Mattison, and Ella Mae Matsumura. Published by Prentice Hall. Copyright