P9-35B At September 30, the accounts of East Terrace Medical Center (ETMC) include the following: Accounts Receivable ........... ............. $143,000 Allowance for Uncollectible Accounts (credit balance)......... 3,200 During October through December, ETMC completed the following selected transactions: Dec. 28 Wrote off as uncollectible the $1,500 account receivable from Brown Co. and the $1,100 account receivable from Jacob Weiss. Recorded uncollectible-account expense based on the aging of accounts receivable, which follows: Dec. 31 1-30 Days $100,000 Age of Accounts 31-60 61-90 Days Days $40,000 $14,000 Over 90 Days $9,000 Accounts Receivable $163,000. Estimated percent uncollectible ............ 0.1% 1% 10% 30% Requirements 1. Record the transactions in the journal. (pp. 463, 464) 2. Open the Allowance for Uncollectible Accounts, and post entries affecting that account. Keep a running balance. (pp. 80, 468) 3. Show how East Terrace Medical Center should report accounts receivable on its balance sheet at December 31, 2007. Use the first reporting format at the top of page 461