P9-35B (similar to) At September 30, 2016, the accounts of East Terrace Medical Center (ETMC) include the following Accounts Receivable Allowance for Bad Debts (credit balance) During the last quarter of 2016, ETMC completed the following selected transactions (Click the icon to view the transactions) $ 145,000 3,400 Read the tequatemonts Requirement 1. Jounalize the transactions. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table) Dec. 28: Wrote off accounts recelivable as uncollectible: Sapphire, Co, $1,700 Oscar Weiss, $1,100, and Rain Company $300 Accounts and Explanation Debit Credit Date 2016 Dec. 28 Requirements 1- Joumaize the transactions. 2. Open the Allowance for Bad Debts T-account, and post entries affecing that account. Keep a running balance. Show how East Terrace Medical Center should report net accounts recelivable on its December 31, 2016, balance sheet Choose from any list or enter any number in the input fiolds and then click Check Answer. 3. ck Answen parts ng 3 O Type here to search 8 8 5 6 HW Score: 34 More Info Dec. 28 Wrote off accounts receivable as uncollectible: Sapphire, Co., $1,700; Oscar Weiss, $1,100; and Rain Company $300 31 Recorded bad debts expense based on the aging of accounts receivable, as follows: Age of Accounts 1-30 Days $ 101,000 $ 45,000$ 18,000 S 31-60 Days 61-90 Days Over 90 Days 1,000 25% Estimated percent uncollectible 0.2% 2% 20% Print Done wer 9:55 3/30 ^ ort sc delete