P9-35B At September 30, the accounts of East Terrace Medical Center (ETMC) include the following: $143,000 3,200 Allowance for Uncollectible Accounts (credit balance) During October through December, ETMC completed the following selected transactions: Wrote off as uncollectible the $1,500 account receivable from Brown Co. and the $1,100 account receivable from Jacob Weiss. Dec. 28 Recorded uncollectible-account expense based on the aging of accounts receivable, which follows: Dec. 31 1-30 Days Age of Accounts 31-60 61-90 Days Over 90 Days Days Accounts Receivable $163,000. Estimated percent $100,000 $40,000 $14,000 $9,000 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 ceivable on its balance sheet at December 31, 2007. Use the first reporting format at the top of page 461