P9-35B (similar to) Question Help At September 30, 2016, the accounts of West Terrace Medical Center (WTMC) include the following: During the last quarter of 2016, WTMC completed the following selected transactions: (Click the icon to view the transactions.) Accounts Receivable 141,000 Read the requirements Allowance for Bad Debts (credit balance) 3,500 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: Red, Co., $1,300; Owen Reis, $800; and Paradise Company $300. Accounts and Explanation Date Debit Credit X Requirements 2016 Dec. 28 Journalize the transactions. 1. 2 Open the Allowance for Bad Debts T-account, and post entries affecting that account. Keep a running balance. Show how West Terrace Medical Center should report net accounts 3. receivable on its December 31, 2016, balance sheet Print Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer - X i More Info Dec. 28 Wrote off accounts receivable as uncollectible: Red, Co., $1,300; Owen Reis, $800; and Paradise Company $300. 31 Recorded bad debts expense based on the aging of accounts receivable, as follows: Age of Accounts 1-30 Days 31-60 Days 61-90 Days Over 90 Days 35,000 $ Accounts Receivable $ 95,000 $ 16,000 $ 15,000 30% Estimated percent uncollectible 0.3% 3% 35% Print Done