P9-35B (similar to) At September 30, 2016, the accounts of North Terrace Medical Center (NTMC) include the following: During the last quarter of 2016, NTMC completed the following selected transactions: (Click the icon to view the transactions.) Accounts Receivable s 146,000 Allowance for Bad Debts (credit balance) 3,400 Read the requirements Requirement 1. Journalize the transactions. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Dec. 28: Wrote off accounts receivable as uncollectible: Sapphire. Co.. $1,700: Owen Wilson, 8900: and Parket Company $300. Date Accounts and Explanation Debit Credit 2016 - X More Info Dec. 28 Dec. 28 Wrote off accounts receivable as uncollectible: Sapphire, Co., $1,700; Owen Wilson, $900: and Parket Company S300. 31 Recorded bad debts expense based on the aging of accounts receivable, as follows: Requirements -X Age of Accounts Accounts Receivable Estimated percent uncollectible 1-30 Days 31-60 Days 81-90 Days Over 90 Days $ 101.000 $ 38,000 $ 17,000 $ 12.000 0.2% 296 20% 25% 1. 2. Journalize the transactions Open the Allowance for Bad Debts T-account, and post entries affecting that account. Keep a running balance. Show how North Terrace Medical Center should report net accounts receivable on its December 31, 2016, balance sheet. 3. Print Done Print Done